Cepton Says 1-For-10 Reverse Stock Split Becomes Effective; Common Stock Will Begin Trading On Split-Adjusted Basis On September 22, 2023
Portfolio Pulse from Benzinga Newsdesk
Cepton has announced a 1-for-10 reverse stock split, which will become effective on September 22, 2023. The common stock will begin trading on a split-adjusted basis from this date.
September 21, 2023 | 9:34 pm
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Cepton's 1-for-10 reverse stock split will reduce the number of shares outstanding, potentially increasing the stock's price. Trading will begin on a split-adjusted basis from Sep 22, 2023.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, the impact on the stock's price can vary and is not guaranteed. The news is highly relevant as it directly involves Cepton and its stock trading. The importance is high as it affects the stock's price and trading. The confidence in the analysis is high based on the information provided in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100