Owlet, Inc. Announces 1-for-14 Reverse Stock Split
Portfolio Pulse from Bill Haddad
Owlet, Inc. has announced a 1-for-14 reverse stock split, which will reduce the number of outstanding shares and increase the stock price.
June 27, 2023 | 12:37 pm
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NEUTRAL IMPACT
Owlet's 1-for-14 reverse stock split will reduce the number of outstanding shares and increase the stock price.
The reverse stock split will reduce the number of outstanding shares, which will increase the stock price. However, the overall market value of the company remains the same, and the impact on the stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100