Stronghold digital mining announces reverse stock split

New york, may 15, 2023 (globe newswire) -- stronghold digital mining, inc. (nasdaq: sdig) (“stronghold”, or the “company”) announced today that it will effect a 1-for-10 reverse stock split (“reverse split”) of its class a common stock, par value $0.0001 per share (“class a common stock”), and class v common stock, par value $0.0001 per share (“class v common stock” and, together with the class a common stock, the “common stock”), that will become effective on may 15, 2023, at 5:00 p.m., eastern time (the “effective time”). stronghold's class a common stock will continue to trade on the nasdaq global market (“nasdaq”) under the symbol “sdig” and will begin trading on a split-adjusted basis when the market opens on may 16, 2023. the new cusip number for the class a common stock following the reverse split will be 86337r 202.
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