Nuburu Shares Halted Pending News, Company Announced Earlier Will Be Implementing A 1-For-40 Reverse Stock Split Of Outstanding Stock, Effective June 24, 2024
Portfolio Pulse from Benzinga Newsdesk
Nuburu has announced a 1-for-40 reverse stock split of its outstanding stock, effective June 24, 2024. Trading of Nuburu shares has been halted pending further news.

June 13, 2024 | 1:37 pm
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Nuburu has announced a 1-for-40 reverse stock split of its outstanding stock, effective June 24, 2024. Trading of Nuburu shares has been halted pending further news.
The announcement of a reverse stock split often indicates that a company is trying to boost its stock price, which can be a sign of underlying issues. The halt in trading adds uncertainty, likely leading to a negative short-term impact on the stock price.
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