Kingsway Financial announced that it is implementing an action to effect a reverse stock split of the company's common stock. The action is intended to ensure that Kingsway remains in compliance with the NYSE continued listing standards. The action has been approved in principal by the company's board and remains subject to final board action and shareholder approval. Kingsway is conducting the reverse stock split in conjunction with reviewing various other strategic alternatives including possible acquisitions or mergers to enhance shareholder value. :theflyonthewall.com
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