So they are proposing somewhere between 1:5 and 1:50 reverse split. I figured it would be around 20.
From the Sezzle Inc. Special Meeting communication:
"To approve an amendment of the Company’s Fourth Restated Certificate of Incorporation to effect a
reverse stock split of the outstanding shares of its common stock (Common Stock) at a ratio of not
less than one-for-five (1:5) and not more than one-for-fifty (1:50), with the exact ratio to be set at a
whole number within this range as determined by our Board of Directors, and without change to the
total number of authorized shares of capital stock of the Company"
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- ASX - By Stock
- Ann: Notice of Special Meeting - Reverse Stock Split
So they are proposing somewhere between 1:5 and 1:50 reverse...
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