By Josh Beckerman
Grom Social Enterprises shares were up 15% Wednesday as the company said it would enact a 1-for-20 reverse stock split, primarily to comply with Nasdaq’s minimum bid price requirement.
The stock recently traded at 29 cents and is down about 81% for the year to date.
Grom, a social media and entertainment company for children, said shares would trade on a post-split basis starting Thursday.
Write to Josh Beckerman at [email protected]
Read the full article here
