ShiftPixy, Inc. Announces Reverse Stock 1-For-24 Split Effective Date; The New Reversed Shares Will Begin Trading On Nasdaq On October 2, 2023
Portfolio Pulse from Happy Mohamed
ShiftPixy, Inc. (NASDAQ:PIXY) has announced a 1-for-24 reverse stock split effective from September 30, 2023. The new reversed shares will begin trading on Nasdaq on October 2, 2023.
September 26, 2023 | 8:11 pm
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NEUTRAL IMPACT
ShiftPixy's reverse stock split could lead to a temporary increase in stock price due to reduced supply. However, the long-term impact will depend on the company's performance.
A reverse stock split reduces the number of shares in circulation, which can lead to a temporary increase in stock price due to reduced supply. However, the long-term impact on the stock price will depend on the company's performance and market conditions.
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IMPORTANCE 80
RELEVANCE 100