Bright Minds Earlier Announced 1:5 Reverse Stock Split, Effective July 14, 2023
Portfolio Pulse from Charles Gross
Bright Minds has announced a 1:5 reverse stock split, which will be effective from July 14, 2023.
July 11, 2023 | 11:37 am
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Bright Minds' 1:5 reverse stock split may impact the stock price of DRUG.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the stock price. However, it can also be perceived negatively by the market as it often indicates a company's poor performance. As Bright Minds is mentioned in the context of DRUG, it's possible that they have a relationship, and this action could impact DRUG's stock price.
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