Bruush Oral Care - Announces 1-for-25 Reverse Stock Split Effective Pre-market Opening On August 1, 2023
Portfolio Pulse from Charles Gross
Bruush Oral Care has announced a 1-for-25 reverse stock split, which will be effective pre-market opening on August 1, 2023.
July 31, 2023 | 4:59 pm
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Bruush Oral Care's 1-for-25 reverse stock split will reduce the number of outstanding shares, potentially increasing the stock's 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. It's often used by companies to meet stock exchange listing requirements.
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