US EditionAnghami plans reverse stock split to avoid delisting
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Anghami plans reverse stock split to avoid delisting
Streaming platform was a Nasdaq first Ten shares to be converted to one Shareholders approve, stock sinks Anghami, the first Arab tech startup to list on Nasdaq, will carry out a 1-for-10 reverse stock split to avoid potential delisting, despite posting its inaugural profit in late 2024. The multimedia streaming platform, which has its headquarters in Abu Dhabi and is often described as the “Spotify of the Middle East”, said in an SEC filing thi…
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