Industry News, Printers News

Cenveo Announces 1-for-8 Reverse Stock Split

Number of outstanding common shares will be reduced from approximately 68.5 million to approximately 8.5 million shares.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Cenveo, Inc. announced a reverse split of its common stock, $0.01 par value, at a ratio of 1-for-8, effective July 13, 2016, and that the company’s common stock will begin trading on a split-adjusted basis when the market opens on July 14, 2016.   In addition, the company also announced that the authorized common stock of the company will be increased from 100 million to 120 million shares and then adjusted in the reverse split from 120 million to 15 million shares. All of the foregoing matter...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters