PolyPid Announces 1-For-30 Reverse Share Split
Portfolio Pulse from Benzinga Newsdesk
PolyPid has announced a 1-for-30 reverse share split. This action is typically taken by companies to increase the market price of their shares.
September 20, 2023 | 1:16 pm
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PolyPid's 1-for-30 reverse share split could increase the market price of its shares, potentially attracting more investors.
A reverse share split reduces the number of shares outstanding, which can increase the market price per share. This could make the stock more attractive to investors who may perceive higher-priced stocks as more valuable or stable. However, the impact on the company's market capitalization is neutral as it's simply a rearrangement of shares.
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