Inspirato (ISPO) Announces 1-for-20 Reverse Stock Split
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Inspirato Announces Reverse Stock Split
October 16, 2023 12:30 PM EDTDENVER, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Inspirato Incorporated (Inspirato) (NASDAQ: ISPO), the innovative luxury travel subscription brand, today announced that it will effect a reverse stock split of its Class A common stock, Class B Non-Voting common stock and Class V common stock (collectively, Common Stock) at a ratio of 1-for-20, effective as of the close of trading on October 16, 2023 (the Effective Time). The reverse stock split is being conducted in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaqs Marketplace Rule 5450(a)(1). The Companys Class A Common... More
