Bluejay Diagnostics Announces 1-For-8 Reverse Stock Split, Will Open For Trading On The Nasdaq Capital Market On A Post-Split Basis On June 20, 2024
Portfolio Pulse from Benzinga Newsdesk
Bluejay Diagnostics, Inc. (NASDAQ:BJDX) announced a 1-for-8 reverse stock split effective June 20, 2024. The company's stock will trade on a post-split basis on the Nasdaq Capital Market under the same symbol, BJDX, but with a new CUSIP number.
June 17, 2024 | 12:08 pm
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Bluejay Diagnostics announced a 1-for-8 reverse stock split effective June 20, 2024. The stock will trade on a post-split basis on Nasdaq under the same symbol, BJDX, but with a new CUSIP number.
Reverse stock splits are often implemented to increase the per-share price of a company's stock. This can make the stock more attractive to investors and help the company meet listing requirements. However, it does not change the company's market capitalization. The neutral score reflects the mixed potential impacts: while the higher share price might attract new investors, reverse splits can sometimes be perceived negatively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100