IZEA To Effect A 1-for-4 Reverse Stock Split On June 16, 2023
Portfolio Pulse from Benzinga Newsdesk
IZEA announced a 1-for-4 reverse stock split to be effective on June 16, 2023. This action is aimed at increasing the stock price and reducing the number of outstanding shares.
June 15, 2023 | 1:00 pm
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IZEA's 1-for-4 reverse stock split on June 16, 2023, may lead to a short-term increase in stock price and a reduction in outstanding shares.
A reverse stock split reduces the number of outstanding shares and increases the stock price proportionally. This action can make the stock more attractive to investors and improve market perception. However, the long-term impact depends on the company's fundamentals and performance.
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