Regis corporation announces reverse stock split to regain compliance with minimum bid price requirements

Minneapolis--(business wire)--regis corporation (nyse: rgs), a leader in the haircare industry, today announced that it intends to effect a reverse stock split of its outstanding common stock, par value $0.05 per share, at a ratio of one-for-twenty, with an intended market effective date of november 29, 2023. the reverse stock split is primarily intended to bring the company into compliance with stock exchange minimum bid price requirements, as the company explores opportunities to remain liste.
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