Ainos, Inc. Announces 1-For-5 Stock Consolidation
Portfolio Pulse from Benzinga Newsdesk
Ainos, Inc. (NASDAQ: AIMD) has announced a 1-for-5 reverse stock split effective December 14, 2023. The reverse split will reduce the number of outstanding shares to approximately 4,677,898. The ticker AIMD will remain the same, and no fractional shares will be issued, with holders being paid out in cash for fractional portions. Adjustments will be made to outstanding options and warrants.
December 12, 2023 | 1:03 pm
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Ainos, Inc.'s reverse stock split is likely to reduce the number of outstanding shares and could potentially increase the stock price due to the reduced supply of shares. However, reverse splits are often viewed negatively as they can signal a company's poor performance.
Reverse stock splits can lead to a temporary increase in stock price due to a reduced number of shares available. However, the market often perceives reverse splits as a sign of trouble in a company, which can negate any positive price impact. The long-term effect on the stock price will depend on investor perception and the company's future performance.
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