Reverse Stock Split

TouchTunes Shareholders Approve Reverse Stock Split

Authored by Mark Hefflinger on December 2, 2005 - 10:20am.

Las Vegas - TouchTunes, a manufacturer of digital music-based jukeboxes found in bars and restaurants, announced on Friday that its shareholders have approved its proposed one-to-2,000 reverse stock split, geared towards its intention to take the company private. TouchTunes shares had been trading on the Nasdaq's OTC Bulletin Board service.

tags: TouchTunes | Shareholders | Reverse Stock Split |

MediaBay Effects 1-for-6 Reverse Stock Split to Regain Nasdaq Compliance

Authored by Mark Hefflinger on October 17, 2005 - 2:49am.

Cedar Knolls, N.J. - MediaBay, a distributor of spoken word audio content, announced on Monday that it has declared a 1-for-6 reverse split of its stock, which will begin trading under the new basis on Oct. 25. The move will bring the company's shares back under compliance with Nasdaq rules; MediaBay received a notice on Sept. 8 that its shares were subject to delisting from the Nasdaq, for failure to comply with the minimum bid price listing requirement.

tags: MediaBay | Reverse Stock Split | Nasdaq Compliance |