GSE Solutions To Conduct Reverse Stock Split Of Its Outstanding Shares Of Common Stock At Ratio Of 10-For-1
Portfolio Pulse from Benzinga Newsdesk
GSE Solutions has announced a 10-for-1 reverse stock split of its outstanding shares of common stock. The move is aimed at increasing the per-share trading price of the company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on NASDAQ.
October 26, 2023 | 8:33 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
GSE Solutions' 10-for-1 reverse stock split could increase the per-share trading price, potentially helping the company to maintain its NASDAQ listing.
The reverse stock split will increase the per-share trading price of GSE Solutions' common stock, which could help the company to satisfy the $1.00 minimum bid price requirement for continued listing on NASDAQ. However, the impact on the company's overall market capitalization is neutral as the total number of outstanding shares decreases proportionally.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100