GLTK shares will trade under a temporary ticker for 20 days as part of its Nasdaq Capital Market listing efforts.
Globaltech will implement a 1-for-3 reverse stock split at the market open on August 27. The move aims to meet listing requirements for a potential Nasdaq Capital Market uplisting.
Shares will trade under the temporary ticker “GLTKD” for 20 trading days before reverting to the original “GLTK” symbol. The company previously announced the split as part of its compliance strategy.
No immediate market reaction was disclosed in the announcement.