SplitOct 28, 2026, 04:17 PM
TOP Ships Inc. Announces 1-for-10 Reverse Stock Split
AI Summary
TOP Ships Inc. announced that its board of directors has approved a 1-for-10 reverse stock split of the Company's issued common shares. The reverse stock split will become effective at the opening of trading on November 6, 2026. Shareholders holding shares in book-entry form or through a bank or broker will not need to take any action. Fractional shares will be paid in cash.
Key Highlights
- TOP Ships Inc. announced a 1-for-10 reverse stock split of its common shares.
- The reverse stock split will be effective at the opening of trading on November 6, 2026.
- Shareholders will not be required to take action if shares are held in book-entry form or through a nominee.
- Fractional shares will be settled in cash based on the closing price on November 5, 2026.
Price Impact
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