1847 Holdings Announced That It Will Effect A 1-For-4 Reverse Split Of Its Common Shares That Will Become Effective On January 8, 2024.
Portfolio Pulse from Benzinga Newsdesk
1847 Holdings announced a 1-for-4 reverse stock split effective January 8, 2024, reducing outstanding shares from 3.43 million to 0.86 million and the float from 3.40 million to 0.85 million.
December 27, 2023 | 9:08 pm
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1847 Holdings' reverse stock split will decrease the number of outstanding shares and float, potentially increasing the stock price due to reduced supply.
Reverse stock splits often lead to a temporary increase in stock price as the reduced number of shares can create a perception of increased value and scarcity. However, the long-term impact depends on the company's performance and market conditions.
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