Regis Corporation Announces Reverse Stock Split Of Its Outstanding Common Stock, Par Value $0.05 Per Share, At a Ratio of 1:20, With An Intended Market Effective Date of November 29, 2023
Portfolio Pulse from Benzinga Newsdesk
Regis Corporation has announced a reverse stock split of its outstanding common stock at a ratio of 1:20, set to take effect on November 29, 2023. The par value of the stock is $0.05 per share. This corporate action is intended to boost the market price of Regis Corporation's shares.
November 17, 2023 | 11:40 am
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Regis Corporation's reverse stock split is likely to increase the market price of its shares by reducing the number of shares outstanding, which may make the stock more appealing to investors.
Reverse stock splits are typically executed to increase the per-share price of a company's stock, which can make the stock more attractive to investors and help maintain compliance with exchange listing requirements. For Regis Corporation, this action may lead to a short-term positive impact on the stock price as the number of shares outstanding decreases, making each remaining share more valuable.
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