Tharimmune Earlier Announced A 1-For-15 Reverse Stock Split, Will Trade On A Post-Split Basis When The Market Opens On May 28, 2024
Portfolio Pulse from Benzinga Newsdesk
Tharimmune, Inc. (NASDAQ:THAR) announced a 1-for-15 reverse stock split, effective after market close on May 24, 2024. The stock will trade on a post-split basis starting May 28, 2024.
May 22, 2024 | 3:13 pm
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Tharimmune, Inc. (NASDAQ:THAR) will undergo a 1-for-15 reverse stock split, effective after market close on May 24, 2024. The stock will trade on a post-split basis starting May 28, 2024.
Reverse stock splits are often perceived negatively by investors as they can indicate a company is trying to boost its stock price artificially. This could lead to a short-term decline in the stock price.
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