What's Going On With Workhorse Group Stock Monday?
Portfolio Pulse from Adam Eckert
Workhorse Group Inc (NASDAQ:WKHS) has implemented a 1-for-20 reverse stock split to increase its stock price and regain compliance with Nasdaq's minimum bid price requirement. The company has until September 16 to ensure its stock trades above $1 for 10 consecutive days.
June 17, 2024 | 12:51 pm
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Workhorse Group Inc has executed a 1-for-20 reverse stock split to increase its stock price and comply with Nasdaq's minimum bid price requirement. The company has until September 16 to ensure its stock trades above $1 for 10 consecutive days.
The reverse stock split is a strategic move to increase the stock price and maintain Nasdaq listing compliance. This could lead to a short-term increase in stock price as the company aims to meet the minimum bid price requirement.
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