By Stephen Nakrosis
Nxt-ID Inc. shares fell Monday following the completion of a 1-for-10 reverse share split of its common stock and series C preferred stock.
At 11:11 a.m. ET, the company's stock was trading 17.8% lower at $3.25 a share. Volume at the time topped 2.7 million shares.
Nxt-ID, which provides personal emergency response systems, health communications devices and IoT technology, said last week its board approved the reverse split to help ensure its continued listing on the Nasdaq Capital Market.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
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October 18, 2021 at 10:23PM
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Nxt-ID Shares Lower Following Reverse-Share Split - MarketWatch
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