groupon reverse stock split

The stock broke the buck in early March, starting the clock on its potential exchange delisting. We have based these forward looking statements largely on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Groupon (NASDAQ: GRPN) is an experiences marketplace that brings people more ways to get the most out of their city or wherever they may be. Groupon, Inc. (NASDAQ: GRPN) ("Groupon” or the "Company”) announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company’s stockholders at the Annual Meeting of Stockholders held on June 9, 2020. This means it didn’t result in any changes to ownership in the company. Instead, the Company’s transfer agent will aggregate all fractional shares and sell them as soon as practicable after the effective time of the reverse stock split at the then-prevailing prices on the open market. Commerce Policy | Your email address will not be published. Groupon announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20. If you experience any issues with this process, please contact us for further assistance. Jennifer Beugelmans Copyright © Moreover, neither Groupon nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We've seen the product sales segment go from a little more than half of its revenue a year earlier to just 45% now, and that was all by design as Groupon was hoping to eliminate its low-margin foray into discounted merchandise sales. Since 1995, Rick has been writing for The Motley Fool, where he's a consumer and tech stocks specialist. You must click the activation link in order to complete your subscription. The split for GRPN took place on June 11, 2020. About Groupon Groupon undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this presentation to conform these statements to actual results or to changes in its expectations.Additional information relating to certain of our financial measures contained herein, including non-GAAP financial measures, is available in our most recent earnings release and at our website at investor.groupon.com. But with businesses now starting to gradually ramp up again in a soft economy (fertile soil for Groupon's model), it does give the deal maker some intriguing appeal here for investors. Copyright © 2020 InvestorPlace Media, LLC. Groupon, Inc. (NASDAQ: GRPN) ("Groupon" or the "Company") announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company’s stockholders at the Annual Meeting of Stockholders held on June 9, 2020. Stockholders who would have been entitled to a fractional share as a result of the reverse stock split will receive a cash payment from the transfer agent in an amount equal to their respective pro rata share of the total proceeds of such sale. The company also said it was getting out of the business of selling physical items and that it had approved a reverse stock split. A lot has happened at Groupon in recent months. Groupon didn't have much of a choice in going for a reverse split. Groupon Announces 1-for-20 Reverse Stock Split. It’s worth pointing out that even after this reverse stock split, investors may not have much faith in GRPN stock. To learn more about Groupon’s community-building efforts, please visit community.groupon.com. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. The end result here is that the second quarter is going to be brutal, but we're seeing the trend getting less cruel as the quarter plays out. Calling this week's financial update a success is relative, of course. By providing your email address below, you are providing consent to Groupon to send you the requested Investor Email Alert updates. The reverse stock split will become effective at 5:00 p.m. Eastern time on June 10, 2020. The statements contained in this presentation that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and financial position, business strategy and plans and our objectives for future operations. Groupon (GRPN) has 1 split in our GRPN split history database. It's to become effective at 5 PM ET today.Groupon (NASDAQ:GRPN) closed at $1.60 last night - … To learn more about Groupon’s community-building efforts, please visit community.groupon.com. Instead, the Company’s transfer agent will aggregate all fractional shares and sell them as soon as practicable after the effective time of the reverse stock split at the then-prevailing prices on the open market. CHICAGO--(BUSINESS WIRE)--Groupon, Inc. (NASDAQ: GRPN) (“Groupon” or the “Company”) announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company’s stockholders at the Annual Meeting of Stockholders held on June 9, 2020. The reverse stock split became effective at 5:00 p.m. Eastern time on June 10, 2020. There aren't too many stocks that have executed reverse stock splits and lived to tell the tale. Overall unit sales in North America improved 18% from April to May with a 30% month-over-month gain internationally. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). This could be the perfect climate for Groupon. Groupon's actual results could differ materially from those predicted or implied and reported results should not be considered an indication of future performance.You should not rely upon forward-looking statements as predictions of future events.

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