NCS Multistage Holdings, Inc. Announces Anticipated Completion of Reverse Stock Split
30 11월 2020 - 10:30PM
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (the “Company,” “NCS,”
“we” or “us”) today announced that it has filed a Certificate of
Amendment to the Second Amended and Restated Certificate of
Incorporation to effect, on December 1, 2020, a 1-for-20 reverse
stock split of its shares of common stock, as previously disclosed
in its filings with the Securities and Exchange Commission. The
Company’s common stock will begin trading on a split-adjusted basis
when the market opens on December 1, 2020. The number of authorized
shares of NCS common stock has also been reduced from 225,000,000
to 11,250,000.
The Company’s shares of common stock will continue to trade on
the NASDAQ under the symbol “NCSM” but will trade under a new CUSIP
number. The reverse stock split is intended to increase the market
price per share of the Company’s common stock in order to comply
with NASDAQ’s continued listing standards relating to minimum price
per share.
NCS Multistage Holdings, Inc. is a leading provider of highly
engineered products and support services that facilitate the
optimization of oil and natural gas well completions and field
development strategies. NCS provides products and services to
exploration and production companies for use in horizontal wells in
unconventional oil and natural gas formations throughout North
America and in selected international markets, including Argentina,
China, Russia, the Middle East and the North Sea. NCS’s common
stock is traded on the NASDAQ Global Select Market under the symbol
“NCSM.” Additional information is available on the website,
www.ncsmultistage.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the anticipated effectiveness of the reverse stock split,
the per share price of the Company’s common stock and our
compliance with NASDAQ listing standards. Any forward-looking
statement made by the Company in this press release speaks only as
of the date on which the Company makes it. Factors or events that
could cause the Company’s actual results to differ may emerge from
time to time, including the risk factors described in our Annual
Report on Form 10-K under Item 1A. “Risk Factors,” as may be
updated, amended or modified in the Company’s filings made from
time to time with the Securities and Exchange Commission, and it is
not possible for the Company to predict all of them. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
Contact:Ryan HummerChief Financial Officer+1
281-453-2222IR@ncsmultistage.com
NCS Multistage (NASDAQ:NCSM)
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NCS Multistage (NASDAQ:NCSM)
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