UTStarcom announces effectiveness of one-for-three reverse share split

theflyonthewall.com

The shareholders approved that the authorized share capital of the company be amended by the consolidation of the existing 750M ordinary shares into 250M ordinary shares. As a result, the one-for-three reverse split of the company's ordinary shares shall become effective on March 21, with trading currently expected to commence on the post-reverse split-adjusted basis on the NASDAQ Global Select Market as of the opening of trading on Friday, March 22.

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