Tivoli Industries’ Reverse Stock Split OKd
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Shareholders of Santa Ana-based Tivoli Industries Inc. have approved a 1-for-3 reverse stock split, the company said Thursday.
Tivoli, which makes specialty lighting and related products, proposed the reverse split in an effort to boost the stock price above the minimum of $1 a share required to retain the company’s listing on the Nasdaq market.
The shares have been trading below $1 since August. The stock closed Thursday at 69 cents, down 6 cents a share.
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