Advent Technologies Holdings Announces 1-For-30 Reverse Stock Split To Begin Trading On A Split-Adjusted Basis With The Opening Of Trading On Tuesday, May 14, 2024
Portfolio Pulse from Benzinga Newsdesk
Advent Technologies Holdings, Inc. (NASDAQ:ADN) announced a 1-for-30 reverse stock split effective May 14, 2024. The reverse split will apply to its common stock and publicly traded warrants, trading under symbols "ADN" and "ADNWW" respectively, on the Nasdaq. The CUSIP number for the common stock will change to 00788A 204 post-split.
May 09, 2024 | 5:33 pm
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Advent Technologies Holdings, Inc. is undergoing a 1-for-30 reverse stock split, affecting its common stock and warrants, with new trading dynamics expected from May 14, 2024.
Reverse stock splits often aim to boost the stock's market price and meet exchange listing requirements. While it doesn't fundamentally alter the company's value, it can affect investor perception and potentially lead to volatility in the short term. Given the significant ratio of this reverse split, there might be a notable impact on the stock's liquidity and marketability.
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