Jaguar Health Announces 1-For-60 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Jaguar Health has announced a 1-for-60 reverse stock split, which will consolidate every 60 shares of its common stock into one share. This move is aimed at increasing the company's stock price and maintaining its listing on the Nasdaq Capital Market.
May 17, 2024 | 8:17 pm
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Jaguar Health has announced a 1-for-60 reverse stock split to consolidate shares and increase its stock price. This action is intended to help the company maintain its listing on the Nasdaq Capital Market.
The reverse stock split is a strategic move to increase the stock price, which can help Jaguar Health maintain its Nasdaq listing. This could be seen positively by investors as it shows the company's commitment to staying listed on a major exchange.
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