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Nebraska Book Holdings, Inc. has announced a 1-for-1,000 reverse stock split effective March 31, 2021. This adjustment will reduce the number of outstanding shares from approximately 790,000 to around 790 shares. Despite this change, stockholders’ percentage ownership will remain unchanged, except for potential fractional shares, which will be compensated in cash at a valuation of $2,120 per post-split share. The reverse split also includes reductions to the company's authorized shares and will be executed by an amendment to its certificate of incorporation.
