Biofrontera Announces 1-For-20 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Biofrontera has announced a 1-for-20 reverse stock split. This action is typically taken by companies to increase the market price of their shares.
July 03, 2023 | 1:24 pm
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Biofrontera's 1-for-20 reverse stock split will increase the market price of its shares, which may attract more institutional investors.
A reverse stock split reduces the number of shares outstanding, which increases the price per share. This can make the stock more attractive to institutional investors who may have policies against buying stocks below a certain price. However, it does not change the company's overall market value, so the impact on the stock price in the short term is uncertain.
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