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NEW YORK 24/7 Real Media’s board of directors has approved a one-for-five reverse stock split after stockholders gave it the green light, the interactive marketing and technology company said yesterday.
The move is meant to attract institutional investors, who do not typically invest in companies with a stock price lower than $5, according to a 24/7 representative.
The stock, which was trading on the Nasdaq SmallCap Market today at $2.13, is expected to begin trading on a post-split basis on Feb.
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