Naked Brand dips 14% as shares to trade on 1-for-15 split adjusted basis

Tiger Newspress2021-12-22

Naked Brand shares fell more than 14% in early trading.

The company announces that shares will begin trading today on a1-for-15 split-adjusted basis.

The reverse split is intended to enable the company to meet the minimum share price requirement for its acquisition of Cenntro Automotive Group, Cenntro Automotive and Cenntro Electric Group and the minimum price requirement for Nasdaq to approve the listing application filed by the company in connection with the acquisition.

Acquisition is expected to close by the end of 2021.

The ticker symbol will remain unchanged.

Bearish sentiment on the stock in contributor article who thinks the stock is overvalued based on fundamentals.

The stock has gained about 155% during the last one year and has a market cap of $480M.

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Blake316
2021-12-24
Blake316
[Facepalm]
MayTan
2021-12-23
MayTan
Noted.
- JT1806:
  🙈
Nonopapa
2021-12-23
Nonopapa
😂
Freedom_99
2021-12-23
Freedom_99
[Facepalm]
ggwei
2021-12-23
ggwei
Ouch
dahae
2021-12-23
dahae
Qqqq
- dahae:
  Wwwww

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