Electric vehicle maker and distributor Zap says its board of directors has decided to hold off on its planned 3-for-1 stock split, originally announced on Nov. 23. The company says “recent developments” put the plans on hold. “We believe our shareholders would benefit more from the current capital structure,” says Steve Schneider, CEO of Zap, in a prepared statement. Zap shares have grown in value in recent weeks thanks to the company’s recent authorization to begin sales of Smart’s ...
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