Pluri Inc. Announces 1-for-8 Reverse Share Split To Be Implemented At Market Open Apr. 1
Portfolio Pulse from Benzinga Newsdesk
Pluri Inc. has announced a 1-for-8 reverse share split, effective at the market open on April 1. This action will consolidate every eight shares of Pluri Inc. into one share, potentially affecting the stock's liquidity and market perception.

March 27, 2024 | 11:05 am
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Pluri Inc.'s 1-for-8 reverse share split could affect its stock price by potentially improving market perception and possibly reducing liquidity due to a decreased number of shares.
Reverse stock splits are often executed to improve a stock's appearance to investors by increasing the per-share price, which can make the stock seem more valuable. However, the reduction in the number of shares can lead to decreased liquidity, making it harder to buy or sell large amounts of shares without affecting the price. The net effect on the stock price can be uncertain, as it depends on how the market perceives the action. In the case of Pluri Inc., the reverse split could be seen as an attempt to meet stock exchange listing requirements or to attract a different class of investors.
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