Traeger to Perform 1-for-50 Reverse Stock Split to Raise Share Price

Traeger has been battling with listing compliance on NYSE for almost a year at this point. Once the share price of a company goes below $1 and stays there, they run the risk of being delisted without taking corrective actions.

Traeger’s share price sit at $0.60 today, and it’s been under $1 since the beginning of February. With no quick fix for the struggling grilling market, Traeger has received approval from their shareholders and Board to perform a reverse stock split to raise their price per share.