RA'ANANA, Israel and RIVER EDGE, New Jersey , Sept.andnbsp;Mer Telemanagement Solutions Ltd. (MTS) (NasdaqCM:andnbsp;MTSL), a global provider of telecommunications expense management (TEM), enterprise mobility management (EMM) solutions and video advertising solutions for online and mobile platforms, today announced that it will effect a 1-for-3 reverse stock split of its outstanding ordinary shares, which will be effective for trading purposes as of the commencement of trading on September 6, 2017 . The reverse stock split is intended to increase the per share trading price of the Company's ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market (NASDAQ). Trading of the Company's ordinary shares will continue, on a post-split basis, with the opening of the markets on September 6, 2017 , under the existing trading symbol "MTSL" and under a new CINS number, M69676 20 9. Click here for more.
from Cellular News http://bit.ly/2vK5Sq2
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