AuthID reaches for daylight with a big reverse stock split, secures a token customer commitment

Nasdaq-listed identity firm authID has opted for a 1-for-8 reverse split of its common stock. The company is trying to stave off delisting with the move.

The theoretical total value of a company choosing a reverse stock split remains the same when it happens, but with time, the fact of the split can move sentiment in the firm.

A reverse split is necessary to ensure compliance with the Nasdaq Capital Market’s minimum bid price rule. Companies face delisting if they …

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