CEA Industries Approves 1-for-12 Reverse Stock Split And Adjustment To Publicly Traded Warrants, Warrants Adjusted To Acquire 1 Share At $60.00
Portfolio Pulse from Benzinga Newsdesk
CEA Industries has approved a 1-for-12 reverse stock split and an adjustment to its publicly traded warrants, which will now allow the acquisition of 1 share at $60.00.
June 04, 2024 | 8:16 pm
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CEA Industries has approved a 1-for-12 reverse stock split and adjusted its publicly traded warrants to acquire 1 share at $60.00. This move is likely aimed at increasing the stock price and making the stock more attractive to institutional investors.
The reverse stock split will reduce the number of shares outstanding, which typically leads to an increase in the stock price. The adjustment to the warrants makes them more valuable, potentially attracting more investors.
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