Instead, those shares are complied and resold, with shareholders getting cash payments for their fractions. All rights reserved. We also use them to … The stock broke the buck in early March, starting the clock on its potential exchange delisting. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s common stock, except for adjustments that may result from the treatment of fractional shares as described below. Required fields are marked *, VANCOUVER, British Columbia–(BUSINESS WIRE)–Lucidea, developer of a full, The Diplomat Beach Resort Hollywood, Curio Collection by Hilton, Walt Disney World Swan and Dolphin Resort, Groupon Announces 1-for-20 Reverse Stock Split, © 2003 - 2020 Virtual-Strategy Magazine   | Although Groupon believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. It's to become effective at 5 PM ET today.Groupon (NASDAQ:GRPN) closed at $1.60 last night - … Most of the world is scaling back on social outings, and the global travel industry is on ice. Jennifer Beugelmans By enabling real-time mobile commerce across local businesses, live events and travel destinations, Groupon helps people find and discover experiences––big and small, new and familiar––that make for a full, fun and rewarding life. Here's what she learned about launching a new business in 2020. Stockholders who would have been entitled to a fractional share as a result of the reverse stock split will receive a cash payment from the transfer agent in an amount equal to their respective pro rata share of the total proceeds of such sale. The company board last night approved a 1:20 reverse stock split. 1125 N. Charles St, Baltimore, MD 21201. The company also said it was getting out of the business of selling physical items and that it had approved a reverse stock split. By enabling real-time mobile commerce across local businesses, live events and travel destinations, Groupon helps people find and discover experiences––big and small, new and familiar––that make for a full, fun and rewarding life. With more cities starting to reduce local business restrictions, Groupon actually has local offerings worth buying. Such risks and uncertainties include, but are not limited to, our ability to execute, and achieve the expected benefits of our go-forward strategy, execution of the phase down of the Goods category and transition to a third-party marketplace model; volatility in our operating results; effects of pandemics or disease outbreaks, including COVID-19, on our business; execution of our business and marketing strategies; retaining existing customers and adding new customers; challenges arising from our international operations, including fluctuations in currency exchange rates, legal and regulatory developments and any potential adverse impact from the United Kingdom's exit from the European Union; retaining and adding high quality merchants; our reliance on email, internet search engines and mobile application marketplaces to drive traffic to our marketplace; cybersecurity breaches; reliance on cloud-based computing platforms; competing successfully in our industry; providing a strong mobile experience for our customers; maintaining and improving our information technology infrastructure; our voucherless offerings; claims related to product and service offerings; managing inventory and order fulfillment risks; litigation; managing refund risks; retaining and attracting members of our executive team and other qualified personnel; completing and realizing the anticipated benefits from acquisitions, dispositions, joint ventures and strategic investments; lack of control over minority investments; compliance with domestic and foreign laws and regulations, including the CARD Act, GDPR and regulation of the Internet and e-commerce; classification of our independent contractors or employees; tax liabilities; tax legislation; protecting our intellectual property; maintaining a strong brand; customer and merchant fraud; payment-related risks; our ability to raise capital if necessary and our outstanding indebtedness; global economic uncertainty; our common stock, including volatility in our stock price; our convertible senior notes; our ability to realize the anticipated benefits from the hedge and warrant transactions; and those risks and other factors discussed in Part I, Item 1A, Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2019, Part II, Item 1A. The Groupon reverse stock split went into effect on Wednesday and was 1 for 20. Press@groupon.com. The end result here is that the second quarter is going to be brutal, but we're seeing the trend getting less cruel as the quarter plays out. Investor Relations Contact: Market data powered by FactSet and Web Financial Group. By enabling real-time mobile commerce across local businesses, live events and travel destinations, Groupon helps people find and discover experiences––big and small, new and familiar––that make for a full, fun and rewarding life. Groupon (NASDAQ: GRPN) is an experiences marketplace that brings people more ways to get the most out of their city or wherever they may be. No fractional shares will be issued as a result of the reverse stock split. Yes, that's a long time with more than 20,000 bylines over those 24 years. Groupon, Inc. (NASDAQ: GRPN) (“Groupon” or the “Company”) announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company’s stockholders at the Annual Meeting of Stockholders held on June 9, 2020. Most companies that execute reverse splits only go on to resume their slides to zero. Merchants getting back to business need to start drumming up leads again, and Groupon offers a way for local establishments with flexible margins to do so in a cost-effective matter if they can afford to take pocket change on the dollar for the introduction. Copyright © 2020 InvestorPlace Media, LLC. Your email address will not be published. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Stockholders who would have been entitled to a fractional share as a result of the reverse stock split will receive a cash payment from the transfer agent in an amount equal to their respective pro rata share of the total proceeds of such sale. CHICAGO–(BUSINESS WIRE)–Groupon, Inc. (NASDAQ: GRPN) (“Groupon” or the “Company”) announced today that the Company’s board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company’s stockholders at the Annual Meeting of Stockholders held on June 9, 2020.

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