Marpai Announces 1-For-4 Reverse Stock Split, Effective June 29
Portfolio Pulse from Benzinga Newsdesk
Healthtech company Marpai has announced a 1-for-4 reverse stock split, which will be effective from June 29. This move is typically aimed at increasing the market price of shares.
June 28, 2023 | 12:04 pm
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Marpai's 1-for-4 reverse stock split could lead to an increase in the market price of its shares in the short term.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the market price per share. This is often done to meet stock exchange listing requirements or to make the stock more attractive to investors. Therefore, this move could potentially have a positive impact on Marpai's stock price in the short term.
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