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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POSITIVE IMPACT
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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IMPORTANCE 80
RELEVANCE 100