Ascent Solar Technologies Announces 1-For-200 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar Technologies has announced a 1-for-200 reverse stock split. This move is typically used by companies to increase the market price of their shares and avoid delisting from exchanges due to low share prices.
September 11, 2023 | 4:26 pm
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Ascent Solar Technologies' 1-for-200 reverse stock split could lead to an increase in the market price of its shares. However, such moves are often seen as a last resort to avoid delisting, which could negatively impact investor sentiment.
A reverse stock split reduces the number of shares in circulation, which can increase the price per share. However, it's often seen as a last resort to avoid delisting, which can negatively impact investor sentiment. Therefore, the impact on ASTI's stock price could be neutral in the short term.
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