Aeva Technologies Sets March 18, 2024, As Effective Date Of Reverse Stock Split; To Begin Trading On Split-Adjusted Basis When Market Opens On March 19, 2024
Portfolio Pulse from Benzinga Newsdesk
Aeva Technologies has announced March 18, 2024, as the effective date for its reverse stock split, with trading on a split-adjusted basis to commence on March 19, 2024.
March 11, 2024 | 9:11 pm
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Aeva Technologies' reverse stock split will take effect on March 18, 2024, with split-adjusted trading beginning March 19, 2024.
Reverse stock splits often lead to a temporary increase in stock price due to perceived value increase and potential compliance with stock exchange listing requirements. However, the long-term impact depends on the company's performance.
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