SeaStar Medical To Effect 25-For-1 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
SeaStar Medical has announced a 25-for-1 reverse stock split, which will consolidate every 25 shares of its common stock into one share. This move is often aimed at increasing the stock price by reducing the number of shares outstanding.
June 06, 2024 | 12:33 pm
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SeaStar Medical's 25-for-1 reverse stock split will consolidate every 25 shares into one, potentially increasing the stock price by reducing the number of shares outstanding.
Reverse stock splits are typically executed to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and meet listing requirements.
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