Tenax Therapeutics Will Be Executing A Reverse Stock Split At A Ratio Of 1-for-80. The Reverse Stock Split Will Become Effective At 5:00 PM Eastern Time On January 2, 2024
Portfolio Pulse from Benzinga Newsdesk
Tenax Therapeutics has announced a reverse stock split at a ratio of 1-for-80, effective at 5:00 PM Eastern Time on January 2, 2024.

December 29, 2023 | 1:31 pm
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NEUTRAL IMPACT
Tenax Therapeutics' reverse stock split is likely to reduce the number of shares outstanding, potentially increasing the stock price but also indicating potential issues with meeting listing requirements.
Reverse stock splits are often executed to boost the share price to comply with exchange listing requirements and can lead to a perception of financial or operational weakness. While the split can result in a higher share price due to a reduced number of shares, it may also lead to negative investor sentiment in the short term. The impact score is neutral as the effect can be both positive and negative depending on investor interpretation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100