SciSparc Announces 1-for-26 Reverse Share Split
Portfolio Pulse from Benzinga Newsdesk
SciSparc has announced a 1-for-26 reverse share split. This action is typically taken by companies to increase the market price of their shares.
September 20, 2023 | 10:30 am
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SciSparc's 1-for-26 reverse share split could lead to an increase in the market price of its shares in the short term.
A reverse share split reduces the number of shares outstanding, which can lead to an increase in the market price per share. This could make the stock more attractive to investors, potentially leading to a short-term increase in the stock price.
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