Greenidge Generation ( NASDAQ: GREE ) said Monday its 1-for-10 reverse stock split will become effective at 12.01 a.m. ET on May 16. Shares -10.9% in afternoon trade. The company's class A stock will begin trading on a split-adjusted basis on Nasdaq Global Select Market when markets open on May 16. The reverse stock split will affect all shareholders uniformly and will not alter any stockholder's percentage interest in the outstanding class A stock. Now read - Greenidge Generation: Only For The Strongest Stomachs
