Theratechnologies Plans 1-For-4 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Theratechnologies has announced a 1-for-4 reverse stock split, which will be effective from July 31, 2023, subject to regulatory approvals from the Toronto Stock Exchange and the Nasdaq Stock Market.
July 20, 2023 | 11:03 am
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Theratechnologies' planned 1-for-4 reverse stock split could potentially increase the per-share price, but decrease the number of outstanding shares. This is subject to regulatory approval.
A reverse stock split reduces the number of shares in circulation, which can increase the per-share price and make the stock more attractive to institutional investors. However, it does not change the company's overall market value. The impact on Theratechnologies' stock price will depend on how the market perceives this move.
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