Englobal announces reverse stock split, nasdaq communication regarding stockholders' equity

Houston, tx / accesswire / november 29, 2023 / englobal corporation (nasdaq:eng), a provider of innovative engineering project solutions focused on the energy industry, today announced that it will effect a one-for-eight reverse split of its common stock, effective at 11:59 pm, eastern standard time, on november 30, 2023 (the "effective time"). the reverse stock split is intended to increase the per share trading price of the company's common stock to satisfy the minimum bid price requirement for continued listing on the nasdaq capital market.
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