Nutex Health Announces 1-for-15 Reverse Stock Split Effective From April 10, 2024; Number Of Common Shares Outstanding Will Be Reduced From Approximately 745M To 50M Shares
Portfolio Pulse from Benzinga Newsdesk
Nutex Health announced a 1-for-15 reverse stock split effective from April 10, 2024, reducing its common shares from approximately 745M to 50M. The number of authorized shares remains at 950M, with proportional adjustments to equity compensation plans, warrants, and stock options.
April 05, 2024 | 9:33 am
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Nutex Health's 1-for-15 reverse stock split will significantly reduce its common shares from 745M to 50M, with adjustments to equity compensation plans, warrants, and stock options.
Reverse stock splits often aim to boost the stock's market price and can be viewed positively or negatively by the market. For NUTX, the reduction in shares could potentially increase the stock price due to perceived value but may also reflect underlying issues that necessitated the split. The impact is considered neutral until market reaction is observed.
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