Reverse Split Sought
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Tivoli Industries Inc., Santa Ana-based manufacturer of specialty lighting and related products, said it will ask shareholders to approve a 1-for-3 reverse stock split in an effort to boost the stock price above the minimum $1 a share required to retain its listing on the Nasdaq market--one of several new standards that Nasdaq established last year.
The stock has been trading from 34 cents to 88 cents a share over the last three months on the Nasdaq Small Cap market.
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