Heart Test Laboratories 1-For-100 Reverse Stock Split Began Trading On A Split-Adjusted Basis At The Open On May 17, 2024 On The Nasdaq Capital Market
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Heart Test Laboratories has initiated a 1-for-100 reverse stock split, which began trading on a split-adjusted basis on May 17, 2024, on the Nasdaq Capital Market.
May 17, 2024 | 4:48 pm
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Heart Test Laboratories has implemented a 1-for-100 reverse stock split, which began trading on a split-adjusted basis on May 17, 2024. This action is likely to impact the stock price in the short term.
A reverse stock split typically consolidates the number of existing shares into fewer, proportionally more valuable shares. This can lead to short-term volatility as the market adjusts to the new share structure. However, the long-term impact depends on the company's performance and market perception.
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