Relativity Space Said to Reverse Stock Split After Schmidt Deal
Experimental 3D printed parts at the Relativity Space Inc. manufacturing facility in Long Beach, California.
Photographer: Eric Thayer/BloombergRelativity Space Inc., a maker of 3D-printed rockets, enacted a reverse stock split that has significantly diluted existing shareholders and staff, according to people familiar with the matter.
The Long Beach, California-based company enacted the move during a multimillion-dollar equity investment by former Google Chief Executive Officer Eric Schmidt into the company earlier this year.