Jeffs' Brands Announces 1-For-7 Reverse Share Split
Portfolio Pulse from Benzinga Newsdesk
Jeffs' Brands has announced a 1-for-7 reverse share split. The company's Ordinary Shares will start trading on the Nasdaq Capital Market on a post-split basis from November 3, 2023.
October 31, 2023 | 11:20 am
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Jeffs' Brands' 1-for-7 reverse share split will likely increase the per-share price, potentially attracting institutional investors. Trading starts on a post-split basis from Nov 3, 2023.
A reverse stock split reduces the number of shares outstanding, which can increase the per-share price and potentially make the stock more attractive to institutional investors. However, the impact on the stock's price can be neutral as the company's market capitalization remains the same.
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