Antelope Enterprise Announces One-for-Ten Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Antelope Enterprise has announced a one-for-ten reverse stock split of its Class A Ordinary Shares, which will begin trading on a split-adjusted basis on September 18, 2023.
September 15, 2023 | 1:30 pm
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POSITIVE IMPACT
Antelope Enterprise's one-for-ten reverse stock split could potentially increase the market price of its Class A Ordinary Shares, making them more attractive to investors.
A reverse stock split reduces the number of shares in circulation, which can increase the per-share price and potentially make the stock more attractive to investors. However, it does not change the company's overall market value. The impact on Antelope Enterprise's stock price will depend on market reaction to the split.
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