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Frequently Asked Questions
  What information does Nasdaq require for a reverse stock split?
Identification Number 317
A company planning a reverse stock split must log in to the Listing Center and complete the Company Event Notification at least 15 calendar days prior to the effective date.
The notification should contain the following information as appropriate:
    • Whether the shareholders have approved the transaction;
    • The split ratio;
    • The new CUSIP number;
    • Confirmation from DTCC that the new CUSIP number has been made eligible in their systems; 
    • Total Shares Outstanding (TSO)/Par Value before and after the split;
    • Whether all legal filings have been completed with the appropriate state or non-U.S. agency;
    • The effective date of the reverse stock split (as of the opening of business);
    • Proxy or Board Resolutions; and
    • Amended Articles of Incorporation.
The company must also provide public notice of the reverse stock split using a Regulation FD compliant method and inform Nasdaq MarketWatch though the Electronic Disclosure Submission System.
Please note that Nasdaq does not assess a fee for a reverse stock split or any other substitution listing event.
Publication Date*: 11/30/2017 Mailto Link Identification Number: 317
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