FuelCell Energy Announces Reverse Stock Split
FuelCell Energy, Inc.
15 hours ago
DANBURY, Conn., Dec. 03, 2015 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. ( FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, today announced that a 1-for-12 reverse stock split has become effective, and that trading of the Company’s common stock on a post-split basis will begin on Friday, December 4, 2015.
Today, the Company filed a Certificate of Amendment to the Company's Certificate of Incorporation to effect a reverse stock split of its common stock at a ratio of 1-for-12 with the Secretary of State for the State of Delaware. The amendment also proportionately decreased the number of authorized shares of the Company's common stock from 475,000,000 to 39,583,333 shares, but did not change the par value, of the Company's common stock. The Reverse Stock Split became effective at 4:01 P.M. eastern time today...
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