Sigma Additive Solutions, Inc. Announces Reverse 1-For-20 Stock Split To Regain Nasdaq Compliance And Facilitate Recently Announced Strategic Transactions
Portfolio Pulse from Happy Mohamed
Sigma Additive Solutions, Inc. (NASDAQ:SASI) has announced a 1-for-20 reverse stock split to regain compliance with Nasdaq's minimum bid price per share requirement and facilitate strategic transactions. The company's common stock will begin trading on a split-adjusted basis on September 22, 2023, under the symbol 'SASI'. The reverse stock split will reduce the number of shares from approximately 12,227,135 to around 611,357.
September 21, 2023 | 12:36 pm
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Sigma Additive Solutions' reverse stock split is aimed at regaining Nasdaq compliance and facilitating strategic transactions. This could potentially increase the stock's attractiveness to investors.
The reverse stock split is a strategic move by Sigma Additive Solutions to regain compliance with Nasdaq's minimum bid price per share requirement. This could potentially make the stock more attractive to investors, leading to a positive impact on the stock price in the short term.
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