Fathom Digital Manufacturing Announces 1-For-20 Reverse Stock Split Effective After The Close On Sept. 28
Portfolio Pulse from Benzinga Newsdesk
Fathom Digital Manufacturing has announced a 1-for-20 reverse stock split, which will be effective after the close on September 28.
September 18, 2023 | 8:31 pm
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NEUTRAL IMPACT
Fathom Digital Manufacturing's 1-for-20 reverse stock split will reduce the number of outstanding shares, potentially increasing the stock's price.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, the impact on the stock's value is not guaranteed as it depends on market reaction.
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