Digital Media Solutions Announced 1-for-15 Reverse Stock Split Effective Aug 28
Portfolio Pulse from Charles Gross
Digital Media Solutions, Inc. (NYSE:DMS) has announced a 1-for-15 reverse stock split of its Class A and Class B common stock, effective after market close on August 28, 2023. The split will reduce the number of Class A shares from approximately 40.9 million to 2.7 million, and Class B shares from approximately 25.1 million to 1.7 million.
August 18, 2023 | 8:07 pm
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The reverse stock split will significantly reduce the number of Digital Media Solutions' Class A and B shares. This could potentially increase the stock's price due to reduced supply.
Reverse stock splits reduce the number of shares outstanding, which can lead to an increase in the stock price due to reduced supply. However, the impact on the stock price will also depend on market conditions and investor sentiment towards the company.
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