The news of a reverse stock split usually has a neutral to negative impact on a company's stock in the short term as it often indicates underlying issues such as low stock price. However, the actual impact will depend on the effective date and the final ratio of the split, which are yet to be announced. The move is intended to increase the company's per share trading price and ensure compliance with Nasdaq's listing requirements, which could be seen as a positive step towards stabilizing the company's financial situation.