Shapeways Announces 1-For-8 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Shapeways Holdings, Inc. (NYSE:SHPW) has announced a 1-for-8 reverse stock split to increase its per share market price and meet the NYSE's minimum $1.00 average closing price requirement. The split will be effective on June 22, 2023, and will reduce the number of outstanding shares from 50.9 million to 6.4 million.

June 16, 2023 | 1:07 pm
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Shapeways' 1-for-8 reverse stock split aims to increase its per share market price and meet the NYSE's minimum $1.00 average closing price requirement.
The reverse stock split will reduce the number of outstanding shares, which may increase the per share market price and help Shapeways meet the NYSE's minimum average closing price requirement. However, the short-term impact on the stock price is uncertain, as the market may react positively or negatively to the news.
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