Comscore Moves Ahead with Reverse Stock Split
RESTON, Va., Dec. 18, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that it will move forward with a 1-for-20 reverse stock split of its issued and outstanding common stock. The Company expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Global Select Market with the opening of trading on Wednesday, December 20, 2023.
- As indicated in Comscore's October shareholder letter, a reverse split is needed to comply with Nasdaq listing requirements
Continued positive momentum with expected achievement of 2023 financial guidance while launching differentiated new products, setting Comscore up for a strong 2024 and beyond
RESTON, Va., Dec. 18, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company") announced today that it will move forward with a 1-for-20 reverse stock split of its issued and outstanding common stock. - The reverse stock split is intended to bring Comscore into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing and make the Company's stock more attractive to a broader range of institutional and other investors.
- Comscore's common stock will continue to trade on the Nasdaq Global Select Market under the symbol "SCOR" following the reverse stock split, with a new CUSIP number of 20564W204.
- After the reverse stock split, the number of outstanding shares of common stock will be reduced from approximately 95.1 million to approximately 4.8 million, subject to adjustment for fractional shares.