Pegasus is seeking shareholder approval for reverse 1- for-10 sto...
Pegasus is seeking shareholder approval for reverse 1- for-10 stock split of Class A and Class B common stock, it said in preliminary proxy filed Tues. with SEC. Board said current low price of Class A shares could have…
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negative effect on outstanding shares and on transaction costs paid by stockholders as well as potential to raise capital by issuing more Class A stock in future.