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Jersey City tech company announces reverse stock split

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A Jersey City-based mobile media solutions provider announced Monday it will be conducting a reverse stock split.

Single Touch Systems Inc. said in a news release that its shareholders have approved the split, to be conducted prior to March 31 with a ratio of at least 1-for-5 and not more than 1-for-10. The exact details will be determined by the board of directors, Single Touch said.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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