FAO Declares Reverse Stock Split

Share this content:
FAO Inc. set to emerge from bankruptcy, announced its intention yesterday to declare a reverse split of its common stock with 15 existing shares combined into one new share effective last night.


The move by the King of Prussia, PA-based toy marketer is one of the transactions contemplated by its bankruptcy reorganization plan.


When the market opens today, its Nasdaq trading symbol will be changed temporarily to FAOQD to reflect the reverse stock split, and will retain the "D" designation for 20 business days.


The company expects to emerge from bankruptcy, assuming all "conditions to effectiveness" of the reorganization plan are met. Following its emergence from bankruptcy, its Nasdaq trading symbol will drop the "Q" designation.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above