Windstream Holdings, Inc. (WIN) recently completed its 1-for-5 reverse stock split process to pull up its sagging share price.
In the company's annual meeting held on May 21, stockholders approved the reverse split decision. Consequently, the amount of common stock fell from 375 million shares to 75 million and preferred stock dropped from 33.3 million to 6.7 million. Aggregately, total outstanding shares declined from about 200 million to approximately 40 million.
https://www.nasdaq.com/article/winds...stors-cm969562
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