WiSA Technologies Announces 1-for-150 Reverse Stock Split, Will Begin Trading On Split-Adjusted Basis At Start Of Trading Apr. 15
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies announced a 1-for-150 reverse stock split, effective at the start of trading on April 15. This adjustment aims to increase the market price of WiSA's shares, potentially to comply with exchange listing requirements or to attract a broader range of investors.
April 10, 2024 | 8:06 pm
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WiSA Technologies' 1-for-150 reverse stock split is set to take effect at the start of trading on April 15, aiming to elevate the company's share price.
Reverse stock splits are often executed to increase the per-share price, which can help a company meet exchange listing requirements and make the stock more appealing to institutional investors. For WiSA, this move could lead to a short-term increase in stock price due to perceived value improvement and compliance with trading platforms' minimum price criteria.
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