Science 37 Announces 1-for-20 Reverse Stock Split effective December 8
Portfolio Pulse from Benzinga Newsdesk
Science 37 Holdings, Inc. has announced a 1-for-20 reverse stock split, which will be effective on December 8. This corporate action is typically used by companies to boost the price of their stock to comply with exchange listing requirements and may affect the perceived value and liquidity of the stock.
December 05, 2023 | 12:02 pm
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Science 37's 1-for-20 reverse stock split is intended to increase the market price of its shares, potentially improving its compliance with exchange listing requirements. However, such actions can also lead to negative investor sentiment as they may be viewed as a sign of underlying issues with the company's stock performance.
Reverse stock splits are often perceived negatively by the market as they can indicate that a company is struggling to meet exchange listing requirements. While the split will technically increase the price of SNCE shares, it may also reduce liquidity and could be viewed as a red flag by investors, potentially leading to a short-term decrease in stock price.
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