Steel Partners Holdings Plans To Effect Reverse/Forward Unit Split
Portfolio Pulse from Benzinga Newsdesk
Steel Partners Holdings has announced a 1-for-12,500 reverse unit split, immediately followed by a 12,500-for-1 forward unit split, both effective on January 8, 2024.
December 14, 2023 | 11:27 pm
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Steel Partners Holdings (SPLP) plans a reverse/forward unit split, which may affect stock liquidity and marketability.
The reverse/forward unit split is a neutral action in itself, but it could indicate efforts to improve the marketability of SPLP shares or to reduce the number of shareholders. The short-term impact is likely neutral as the total equity value remains unchanged, but it could affect liquidity or the perception of the stock.
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IMPORTANCE 50
RELEVANCE 100