What's Going On With Synaptogenix (SNPX) Stock?
Portfolio Pulse from Henry Khederian
Synaptogenix Inc (NASDAQ:SNPX) announced a 1-for-25 reverse stock split to meet Nasdaq's minimum bid price requirement. The reverse split will reduce outstanding shares to about 1,085,333, affecting all shareholders uniformly. This move is aimed at increasing the per-share trading price, with trading on a split-adjusted basis starting on Friday.
April 04, 2024 | 3:49 pm
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Synaptogenix Inc announced a 1-for-25 reverse stock split to meet Nasdaq's minimum bid price requirement, affecting all shareholders and reducing outstanding shares to about 1,085,333.
The reverse stock split is likely to have a positive short-term impact on SNPX's stock price as it aims to meet Nasdaq's minimum bid price requirement, which could improve its market perception and help maintain its listing status. However, the long-term impact will depend on the company's performance and market conditions.
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