Aditxt, Inc. Announces 1-For-40 Reverse Stock Split Effective At The Open Of Trading On August 18, 2023
Portfolio Pulse from Happy Mohamed
Aditxt, Inc. (NASDAQ:ADTX) has announced a 1-for-40 reverse stock split effective at the open of trading on August 18, 2023. The move is primarily intended to bring the company into compliance with Nasdaq's minimum bid price requirement. Post-split, the company will have approximately 190,319 shares of common stock issued and outstanding.

August 17, 2023 | 4:01 pm
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Aditxt's 1-for-40 reverse stock split is aimed at meeting Nasdaq's minimum bid price requirement. This could potentially stabilize the company's stock price in the short term.
Reverse stock splits are often used by companies to increase their stock price and meet exchange listing requirements. While this doesn't change the company's overall market value, it can lead to a more stable stock price in the short term as it may attract investors who avoid lower-priced stocks. However, it's also a sign that the company has been struggling to maintain its stock price, which could be a red flag for some investors.
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