Applied UV Plans 1-For-25 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Applied UV (AUVI) has announced a 1-for-25 reverse stock split effective at 12:01am Eastern Time on December 12, 2023. This action will convert every 25 shares of issued and outstanding Common Stock into one share.
December 08, 2023 | 12:02 pm
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Applied UV's reverse stock split is likely to reduce the number of shares outstanding, potentially increasing the stock price due to a higher perceived value per share.
Reverse stock splits are often used by companies to increase the market price of their stock by reducing the number of shares outstanding, which can make the stock more attractive to investors. However, the impact on the stock price can be uncertain as market perception varies. Some investors view a reverse split positively as it could lead to compliance with stock exchange listing requirements and a potentially higher per-share price. Others may see it as a sign of trouble, indicating that the company has been struggling to maintain its share price. The short-term impact on AUVI's stock price could be positive if the market perceives the reverse split as a strategic move to improve the stock's marketability.
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