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Image source: Luminar Technologies. Why companies perform reverse stock splits. The Nasdaq stock exchange requires listed companies to maintain a share price of at least $1 per share.
The transaction reduced the number of shares outstanding by approximately 12%, after which the company enacted a 1-for-10 reverse stock split that lifted the share price out of the penny-stock range.
LOUISVILLE, Ky., Nov. 15, 2024 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), a provider of personal emergency response systems (PERS), health communications devices, and technology for the growing care economy, today announced that the Company’s board of directors has approved a reverse stock split of its common stock at a ratio of 1 post-split share for every 25 ...
The Board approved a 1-for-20 reverse split ratio, and the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation on December 19, 2024, to effect the reverse stock split. The Board implemented the reverse stock split with the objective of bringing the Company into compliance with the minimum bid ...
LifeWallet’s Common Stock will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “LIFW” and will begin trading on a split-adjusted basis when the Nasdaq opens on November 18, 2024 (“Effective Time”). The new CUSIP number for the Class A common stock following the reverse split will be: 553745-30-8.
ASML's history of stock splits. ASML's stock has skyrocketed in recent years. ... involving a modest 8-for-9 reverse split in 2007 and a complicated 77-for-100 reverse split with a cash component ...
The reverse split pushed Celldex’s share price from about 39 cents to about $5 per share, but the market’s negative initial reaction to the decision is typical of the response to reverse splits.
BEIJING, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry, today announced that it has resolved to effect a reverse stock split of the Company’s ...