Oxford Lane Capital Implements Major Restructuring with Reverse Stock Split

Oxford Lane Capital has initiated a significant corporate restructuring, marked by the completion of a substantial reverse stock split. This strategic move fundamentally alters the investment profile of the company’s shares and establishes a new valuation framework for the market.

The business development company executed a 1-for-5 reverse stock split, which took effect after market close on September 5th. Trading on the Nasdaq exchange on a split-adjusted basis commenced on September 8th under the existing ticker symbol, though with a new CUSIP identifier assigned to the securities.

Under this corporate action, every five shares of common stock were automatically consolidated into one share. Shareholder ownership percentages remain unchanged following this adjustment, with any fractional shares resulting from the... Read more...