VivoPower Announces 1-For-10 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
VivoPower International PLC (NASDAQ:VVPR) has announced a 1-for-10 reverse stock split of its outstanding ordinary shares, effective from October 5, 2023. The move is aimed at increasing the company's per share trading price and regaining compliance with the $1.00 per share minimum closing price required for continued listing on Nasdaq. The reverse split will not impact the company's current or future business operations.
October 04, 2023 | 12:40 pm
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VivoPower's reverse stock split is aimed at increasing its share price and maintaining its Nasdaq listing. This action will not affect the company's operations.
The reverse stock split will increase VivoPower's share price, which could make it more attractive to investors. However, it will not affect the company's operations or its overall market capitalization, as the number of shares will decrease proportionally. Therefore, the short-term impact on the stock price is neutral.
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