Cepton Announces 1-For-10 Reverse Stock Split, Effective Sept. 21
Portfolio Pulse from Benzinga Newsdesk
Cepton has announced a 1-for-10 reverse stock split, which will be effective from September 21. This move is typically aimed at increasing the per-share price of the company's stock.
September 18, 2023 | 8:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cepton's 1-for-10 reverse stock split will likely increase the per-share price of the company's stock. This could potentially make the stock more attractive to investors.
A reverse stock split reduces the number of shares in circulation, which typically increases the per-share price. This can make the stock more attractive to certain investors, potentially leading to increased demand. However, the impact on the stock's price in the short term is uncertain, as it will depend on how the market reacts to the news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100