Real Good Food To Implement 12-for-1 Reverse Stock Split To Meet Minimum Bid Price Requirement
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The Real Good Food Company, Inc. (RGF) has announced a 12-for-1 reverse stock split of its Class A and Class B common stock, effective January 3, 2025, to comply with Nasdaq's minimum bid price requirement. The split, approved by stockholders on December 20, 2024, will maintain stockholders' ownership percentages, with fractional shares rounded up. The company's stock closed at $0.38 on December 31, 2024, and is up 14.18% in premarket trading at $0.43.
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