Audible’s Stock Split Goes Into Effect Today; Views Nasdaq Listing Again

The downloadable audio company Audible has completed a shareholder approved 1-for-3 reverse stock split effective at the open of the market tomorrow, June 17, 2004. Following this, Audible’s trading symbol will temporarily change to ADBL.d.

The company plans to return to the Nasdaq SmallCap Market within 4 to 6 weeks from May 9, 2004, the date of Nasdaq’s receipt of Audible’s relisting application, with the intention to eventually transition to the Nasdaq National Market.

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