Boxlight Board Approves 1-For-8 Reverse Stock Split Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Boxlight's board has approved a 1-for-8 reverse stock split of its Class A common stock, which is expected to begin trading on a reverse-split adjusted basis on June 15, 2023.
June 13, 2023 | 8:01 pm
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NEUTRAL IMPACT
Boxlight's 1-for-8 reverse stock split of Class A common stock may lead to short-term price fluctuations as the market adjusts to the new share structure.
Reverse stock splits often lead to short-term price fluctuations as the market adjusts to the new share structure. While the overall value of the company remains the same, the reduced number of shares may cause temporary volatility. However, the long-term impact on the stock price is uncertain, and the short-term impact may be neutral.
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