TRxADE Health, Inc.'s Board Of Directors Approves 1-For-15 Reverse Stock Split
Portfolio Pulse from Happy Mohamed
TRxADE Health, Inc. (NASDAQ:MEDS) has announced a 1-for-15 reverse stock split, effective June 22, 2023. The company's outstanding shares will be reduced from 10,210,878 to 680,726, with the aim of increasing the marketability of its stock to a broader range of potential investors.
June 21, 2023 | 4:37 pm
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TRxADE Health's 1-for-15 reverse stock split will reduce outstanding shares from 10,210,878 to 680,726, potentially increasing the marketability of its stock.
The reverse stock split will not have a direct impact on the overall economic value of the company. However, it is expected to result in a corresponding increase in the bid price of the company's common stock, potentially making it more attractive to a broader range of investors. The short-term impact on the stock price is uncertain, as the market will need time to adjust to the new share structure.
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