RMX Industries consolidates shares to boost stock price, effective immediately for class A and B common stock.
RMX Industries implemented a 1-for-3 reverse stock split of its class A and B common stock, each with a par value of $0.0001 per share. The move aims to increase the per-share price by reducing the total number of outstanding shares.
The company did not disclose a specific target price or prior share count. Reverse splits are often used to meet exchange listing requirements or improve investor perception by reducing volatility.
No immediate market reaction was reported following the announcement.