NewLead Holdings heads toward Nasdaq hearing

|About: NewLead Holdings Ltd. (NEWL)|By:, SA News Editor

A reverse 1-for-50 stock split on NewLead Holdings (NASDAQ:NEWL) became effective today.

Despite bringing its share price back over a buck, the company will need to regain compliance with the Nasdaq through a formal hearing process.

A hearing has been set for July 24.