Vision Energy Corporation Announces 1-For-5 Reverse Split
Portfolio Pulse from Benzinga Newsdesk
Vision Energy Corporation (OTC:VENG) announces a 1-for-5 reverse stock split, effective for trading on June 13, 2023. The split will reduce the number of authorized common stock from 200,000,000 to 40,000,000, leaving 8,419,515 common shares outstanding.
June 12, 2023 | 8:08 pm
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Vision Energy Corporation's 1-for-5 reverse stock split will reduce the number of authorized common stock from 200,000,000 to 40,000,000, leaving 8,419,515 common shares outstanding.
The reverse stock split will reduce the number of outstanding shares, which may lead to a higher stock price in the short term. However, the overall market capitalization remains the same, and the long-term impact on the stock price is uncertain. Therefore, the short-term impact is neutral.
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