Windstream Holdings Inc. completed its 1-for-5 reverse stock split following market close on May 25.
The company's stockholders approved the reverse stock split and share count reduction at the Windstream's annual meeting on May 21.
The authorized shares of Windstream's common stock were reduced to 75,000,000 shares from 375,000,000 shares, while the number of authorized shares of preferred stock decreased to 6,666,667 shares from 33,333,333 shares.
Actual total shares outstanding went down to about 40 million shares from roughly 200 million shares.
Trading for Windstream's common stock will continue on the Nasdaq Global Select Market under the symbol WIN. The stock will resume trading on May 29.
