Creatd, Inc. To Reverse Split Its Stock And Change Ticker Symbol Back To $CRTD
Portfolio Pulse from Benzinga Newsdesk
Creatd, Inc. ($VOCL) announced a reverse stock split to enhance market position and increase per-share trading price, aiming to attract more investors. The split will be effective on January 24, 2024, with details to be disclosed on FINRA's list on January 23. CEO Jeremy Frommer believes this strengthens the company's capital structure and growth foundation. The ticker symbol will change from $VOCL to $CRTD after a 20-day interim period using $VOCLD. The company aims to uplist to a national exchange and believes these changes will improve market visibility and financial strength.
January 22, 2024 | 9:30 pm
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Creatd, Inc. is undergoing a reverse stock split to increase its per-share price and market appeal, with a ticker symbol change from $VOCL to $CRTD, effective January 24, 2024.
Reverse stock splits often lead to a temporary increase in a stock's price as the per-share price increases, which can make the stock more attractive to institutional investors. The change in ticker symbol is a rebranding effort that may also positively influence investor perception. However, the long-term impact of a reverse split can be neutral or negative if the underlying business fundamentals do not improve.
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