INVO BioScience Announces A 1-For-20 Reverse Stock Split Effective Pre-Market Opening On July 28
Portfolio Pulse from Benzinga Newsdesk
INVO BioScience has announced a 1-for-20 reverse stock split, which will be effective pre-market opening on July 28.
July 27, 2023 | 1:28 pm
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INVO BioScience's 1-for-20 reverse stock split will reduce the number of outstanding shares, potentially increasing the stock price.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, it does not change the company's overall market value. This move is often used by companies to meet stock exchange listing requirements.
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