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Remedy Entertainment
Trends
- 1Kustom Entertainment approves 1-for-10 reverse stock split▼Ten Kustom shares will become one as it seeks to meet Nasdaq's $1 minimum bid-price rule.
Kustom Entertainment has announced a 1-for-10 reverse share split intended to lift its stock price back above the $1 minimum bid required to keep its Nasdaq listing. The consolidation reduces the number of outstanding shares by a factor of ten without changing the company's overall market value, and investors are watching whether the move will secure its compliance and steady the share price.