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SKK Holdings (NASDAQ:SKK) shares surged 15.38% after hours to $0.22 Wednesday after the board approved a 10-for-1 reverse stock split, effective Apr. 6, aimed at regaining Nasdaq minimum bid price compliance.
According to Benzinga Pro data, the stock of the Singapore-based civil engineering services provider had closed the regular session down 14.47% at $0.20.
Reverse Stock Split
SKK Holdings will consolidate its shares, reducing the total from 24.37 million to about 2.43 million, subject to rounding adjustments. The consolidation will use a new CUSIP, but the ticker will remain “SKK.”
Shareholders …
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