Creative Medical Technology Holdings Announces Reverse Stock Split 1-For-10 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Creative Medical Technology Holdings (CELZ) has announced a 1-for-10 reverse stock split, which will reduce the number of outstanding shares and increase the stock price proportionally.
June 09, 2023 | 4:43 pm
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CELZ's 1-for-10 reverse stock split will reduce the number of outstanding shares and increase the stock price proportionally.
The reverse stock split will reduce the number of outstanding shares, which will increase the stock price proportionally. This action is typically taken to meet minimum price requirements for stock exchanges or to attract more investors. However, the overall market value of the company remains unchanged, and the impact on the stock price in the short term is neutral.
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