Clean Energy Technologies to Boost Stock Price with 1-for-15 Reverse Split
Clean Energy Technologies (NASDAQ:CETY) has announced a significant move to maintain its Nasdaq listing. The company will undergo a 1-for-15 reverse stock split, set to take effect on October 6, 2025. The reverse stock split, approved by the company's board of directors, aims to boost the stock's price per share to meet Nasdaq's continued listing standards. Currently, CETY's share price is below the required $1.00 minimum bid price. Following the split, every 15 shares will combine into one, reducing the number of outstanding shares from approximately 69.7 million to about 4.65 million. No action is required from shareholders as a result of the split. CEO Kam Mahdi stated that this move is crucial for the company's growth plans and maintaining its listing on the Nasdaq stock exchange. The reverse stock split, effective before market open on October 6, 2025, is a strategic step by Clean Energy Technologies to restore compliance with Nasdaq's listing requirements and strengthen its position in the stock market.
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