1-for-25 split sends DXST stock crashing pre-market

1-for-25 split sends DXST stock crashing pre-market

DXST stock falls 38% premarket after announcing a 1-for-25 reverse stock split to meet Nasdaq listing requirements. The split, effective March 16, will consolidate shares and reduce the total outstanding. The move follows the stock trading below $1 for over a month. Shareholders had previously approved a reverse split range.

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