ADDvantage Technologies Group, Inc. Completes 1-for-10 Reverse Stock Split as Part of Nasdaq Compliance Plan

CARROLLTON, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) –

ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced that on November 16, 2023, the Company completed a one-for-10 (1:10) reverse stock split of all issued and outstanding shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”). This move comes as part of the Company’s efforts to regain compliance with Nasdaq listing requirements.

What is a Reverse Stock Split?

A reverse stock split is when a company reduces the number of its outstanding shares in order to increase the price per share. In this case, ADDvantage Technologies implemented a one-for-10 reverse stock split, meaning that for every 10 shares of common stock owned by shareholders, they will receive one share of the newly consolidated stock.

Effects on Shareholders

For individual shareholders of ADDvantage Technologies, the reverse stock split may initially cause confusion as their number of shares decreases, but the value of each share should increase proportionally. It is important for shareholders to consult with their financial advisors to understand how this reverse stock split may impact their investment strategy.

Implications for the Company

By completing the reverse stock split, ADDvantage Technologies has taken a necessary step to maintain compliance with Nasdaq regulations. This move may help to stabilize the Company’s stock price and improve its overall financial position.

How Does This Affect Me?

As a shareholder of ADDvantage Technologies, the reverse stock split may impact the value of your investment. It is important to stay informed about any changes in the Company’s stock and consult with a financial advisor to assess the implications for your portfolio.

Global Impact

While the reverse stock split of ADDvantage Technologies may not have a direct impact on the global market, it is reflective of the Company’s efforts to remain in compliance with regulatory standards. This move may enhance investor confidence in the Company and contribute to its overall stability in the marketplace.

Conclusion

In conclusion, the completion of a one-for-10 reverse stock split by ADDvantage Technologies Group, Inc. is a strategic decision aimed at ensuring compliance with Nasdaq listing requirements. While individual shareholders may experience changes in the value of their investments, this move is ultimately part of the Company’s commitment to long-term financial health and stability.