Dragonfly Energy (DFLI) said Tuesday it will effect a 1-for-9 reverse stock split of its shares, reducing the number of its shares to about 7.0 million from some 63.2 million.
The reverse stock split will be effective Friday, the company said.
The shares were falling about 4.8% in recent trading.
Price: 0.48, Change: -0.02, Percent Change: -4.82
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