Rail Vision Ltd. Announces 1-For-8 Reverse Stock Split, Beginning On Wednesday, November 15, 2023
Portfolio Pulse from Benzinga Newsdesk
Rail Vision Ltd. has announced a 1-for-8 reverse stock split effective Wednesday, November 15, 2023. Post-split, the company will have approximately 3.0 million shares issued and outstanding with an adjusted authorized share capital of 12.5 million shares. The reverse split will also proportionately adjust the exercise price and number of shares available under outstanding warrants and options.
November 13, 2023 | 1:08 pm
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Rail Vision Ltd. will undergo a 1-for-8 reverse stock split, reducing the number of shares and potentially increasing the stock price due to a higher perceived value per share.
Reverse stock splits often aim to boost the stock price by reducing the number of shares outstanding, which can lead to a higher perceived value per share. While this does not change the company's market capitalization, it can make the stock more attractive to investors who may perceive it as more valuable. However, the long-term impact depends on the company's performance and market perception.
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