Star Equity Holdings Announces 1-For-5 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Star Equity Holdings has announced a 1-for-5 reverse stock split, which will consolidate every five shares of its common stock into one share. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
June 12, 2024 | 12:31 pm
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Star Equity Holdings has announced a 1-for-5 reverse stock split, consolidating every five shares into one. This action is generally intended to increase the stock price by reducing the number of shares outstanding.
A reverse stock split is often used to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and help the company meet listing requirements.
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