BRÈVE

sur Gladstone Capital Corporation (NASDAQ:GLAD)

Gladstone Capital Announces 1-for-2 Reverse Stock Split

Gladstone Capital Corporation (Nasdaq: GLAD), based in McLean, VA, declared a 1-for-2 reverse stock split of its common stock, approved by its board of directors. This adjustment will be effective from the start of trading on the Nasdaq Global Select Market on April 5, 2024. Every two shares of existing common stock will merge into one, maintaining the same par value per share. Due to the reverse split, the share count will decrease from approximately 43.5 million to about 21.8 million, while the authorized share cap remains at 44.0 million.

The reverse stock split aims to concentrate shares without altering monthly shareholder distributions, which will adjust according to the new ratio. The common stock will retain its GLAD symbol, undergoing CUSIP number change to 376535878.

Computershare Trust Company, N.A., will manage fractional shares by selling them and distributing net proceeds among shareholders, possibly incurring tax implications. Shareholders with stock in certificate form will receive instructions from Computershare for exchanging their certificates. The reverse split does not affect the company's preferred stock. Gladstone focuses on investing in the debt and equity of lower middle market U.S. businesses.

R. H.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Gladstone Capital Corporation