a.k.a. Brands Announces 1-for-12 Reverse Stock Split Will Become Effective Sept. 29
Portfolio Pulse from Bill Haddad
a.k.a. Brands has announced a 1-for-12 reverse stock split, which will become effective on September 29.
September 25, 2023 | 8:32 pm
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a.k.a. Brands' 1-for-12 reverse stock split will reduce the number of shares outstanding, potentially increasing the stock price.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, the company's market capitalization remains the same. This move is often used by companies to meet stock exchange listing requirements.
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