LifeWallet Announces 1-For-25 Reverse Stock Split To Regain Compliance With Nasdaq's Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
LifeWallet has announced a 1-for-25 reverse stock split in an attempt to regain compliance with Nasdaq's minimum bid price requirement.
October 03, 2023 | 8:18 pm
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LifeWallet's 1-for-25 reverse stock split is aimed at regaining compliance with Nasdaq's minimum bid price requirement.
LifeWallet's announcement of a 1-for-25 reverse stock split is a significant move aimed at regaining compliance with Nasdaq's minimum bid price requirement. This action could potentially stabilize the company's stock price in the short term, but the long-term impact will depend on the company's future performance and market conditions.
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IMPORTANCE 80
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