Skillsoft Announces 1-For-20 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Skillsoft has announced a 1-for-20 reverse stock split. This action is typically taken by companies to boost their share price and meet listing requirements.
September 19, 2023 | 8:05 pm
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Skillsoft's 1-for-20 reverse stock split could lead to a temporary increase in the company's share price.
Reverse stock splits are often used by companies to increase their share price, which can make the stock more attractive to investors and help the company meet listing requirements. However, the effect is often temporary and does not change the company's underlying value.
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