VS Media Plans To Implement 1-For-7 Share Combination Of Its Class A And Class B Ordinary Shares, Effective On June 17, 2024
Portfolio Pulse from Benzinga Newsdesk
VS Media has announced a 1-for-7 share combination of its Class A and Class B ordinary shares, effective June 17, 2024.
June 10, 2024 | 9:07 pm
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VS Media has announced a 1-for-7 share combination of its Class A and Class B ordinary shares, effective June 17, 2024. This move is likely aimed at increasing the stock price by reducing the number of shares outstanding.
A share combination (reverse stock split) typically aims to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to institutional investors and improve its market perception.
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