Shiftpixy Announces Delay Of Reverse Stock Split Effective Date; Sets Date To Oct. 16, 2023
Portfolio Pulse from Benzinga Newsdesk
Shiftpixy has announced a delay in the effective date of its planned reverse stock split. The new date has been set to October 16, 2023.
September 29, 2023 | 5:07 pm
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NEUTRAL IMPACT
Shiftpixy's decision to delay its reverse stock split could potentially impact the company's stock price in the short term.
A reverse stock split is often used by companies to increase their share price and attract investors. The delay could indicate issues within the company, potentially leading to uncertainty among investors and impacting the stock price. However, the exact impact will depend on market reaction to this news.
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