Leafly Announces 1-For-20 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Leafly Holdings, Inc. has announced a 1-for-20 reverse stock split. This action is typically taken by companies to boost their share price and attract investors.
September 11, 2023 | 4:56 pm
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Leafly Holdings, Inc. has announced a 1-for-20 reverse stock split. This could potentially boost the company's share price in the short term.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the share price. This is often done to attract investors. However, it does not change the company's overall market value. The impact on Leafly's stock price will depend on how the market perceives this move.
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