Steel Connect Announces 1-For-3500 Reverse Stock Split, Followed Immediately By A 375-For-1 Forward Stock Split Of The Company Common Stock
Portfolio Pulse from Benzinga Newsdesk
Steel Connect has announced a 1-for-3,500 reverse/forward stock split, which will reduce the number of outstanding shares and increase the stock price.
June 07, 2023 | 8:18 pm
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Steel Connect's 1-for-3,500 reverse/forward stock split will reduce the number of outstanding shares and increase the stock price.
The reverse/forward stock split will reduce the number of outstanding shares, which will increase the stock price. This could make the stock more attractive to investors and potentially lead to an increase in demand and price in the short term.
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