12:07 PM EDT, 10/08/2024 (MT Newswires) -- Inno Holdings ( INHD ) said Tuesday it will implement a 1-for-10 reverse stock split mainly to increase its per-share price to regain compliance with Nasdaq's minimum $1 average closing price requirement for continued listing.

The company expects its shares to start trading on a split-adjusted basis Thursday.

Inno ( INHD ) shares were down 12.3% in recent trading.

Price: 0.49, Change: -0.06, Percent Change: -11.29