Capstone Holding Plans 1-for-30 Reverse Split Starting Oct. 19

Capstone Holding Corp. plans to consolidate its common shares in a 1-for-30 reverse split on Oct. 19, cutting its outstanding share count to 917,898 when the change takes effect. The Nasdaq-listed company has approximately 27.54 million common shares outstanding. Under the split, every 30 existing common shares will become one share. The change is scheduled to take effect at the market open Monday, Oct. 19. Holders entitled to fractional shares will receive cash instead. The payment will be based on the closing share price on the effective date. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost