Tivic Health Systems Announces 1-For-100 Reverse Stock Split Effective August 23
Portfolio Pulse from Benzinga Newsdesk
Tivic Health Systems has announced a 1-for-100 reverse stock split, effective from August 23. This move is typically used by companies to increase the market price of their shares.
August 22, 2023 | 5:00 pm
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Tivic Health Systems' 1-for-100 reverse stock split will increase the market price of its shares, which could potentially attract more investors.
A reverse stock split reduces the number of shares in circulation, which typically increases the market price of the remaining shares. This could make the stock more attractive to investors who may perceive higher-priced stocks as more valuable or stable. However, it's important to note that a reverse stock split does not change the company's overall market value.
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