Liquid Media Announces 1-For-4 Reverse Stock Split Of Common Shares
Portfolio Pulse from Happy Mohamed
Liquid Media Group Ltd. (NASDAQ:YVR) has announced a 1-for-4 reverse stock split of its common shares, effective from August 4, 2023. The move is intended to increase the company's per share trading price. The reverse stock split will reduce the number of the company's outstanding shares from 19,313,340 to approximately 4,828,208. The company's shares will continue to be traded on the Nasdaq Capital Market under the symbol 'YVR'.
August 04, 2023 | 4:01 pm
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Liquid Media's reverse stock split is expected to increase the per share trading price, which could attract more investors. However, the reduction in the number of outstanding shares could lead to increased volatility.
Reverse stock splits are typically used by companies to increase their share price, making them more attractive to investors. However, they also reduce the number of shares outstanding, which can increase volatility as each share now represents a larger portion of the company. This could potentially lead to larger price swings.
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