SLGB is trading at $0.53 (8% down) in pre-market, extending a steep multi-day slide driven by reverse split and Nasdaq delisting risks.
- The stock remains under pressure after a June 22 Form 6-K detailed a proposed share consolidation intended to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.
- Listing uncertainty and potential dilution from the consolidation keep the stock in focus for traders as it continues its downward trend.