Elbit Imaging to reverse split shares 1:10 effective June 27

• With the aim of regaining compliance with listing requirements on the NASDAQ Global Select Market, Elbit Imaging Ltd. (OTC:EMITF) reverse splits its ordinary shares 1:10 effective June 27 in the U.S. and June 26 in Israel. The company's authorized shares will adjust to 3.5M from 35M.
• Update: On June 21, the company reported that the number of authorized shares will be reduced to ~9.2M, not 3.5M.