Sacks Parente Golf announces 1-for-10 reverse stock split

Sacks Parente Golf announced that its board of directors has approved a 1-for-10 reverse stock split of the company’s common stock. The reverse stock split will become effective on July 30 at 12:01 am, Eastern Time, and the company’s common stock is expected to begin trading on a reverse stock split-adjusted basis on Nasdaq on July 30 at market open under the existing ticker symbol, (SPGC). The reverse stock split is intended to increase the price per share of the company’s common stock to allow the company to demonstrate compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq, among other benefits.