Crown Electrokinetics To Implement 1-For-150 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Crown Electrokinetics (CRKN) has announced a 1-for-150 reverse stock split. This move is aimed at increasing the company's stock price and maintaining its listing on the NASDAQ. The reverse split will reduce the number of outstanding shares, potentially making the stock more attractive to institutional investors.
June 21, 2024 | 12:03 pm
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Crown Electrokinetics (CRKN) is implementing a 1-for-150 reverse stock split to increase its stock price and maintain its NASDAQ listing. This action will reduce the number of outstanding shares, potentially making the stock more attractive to institutional investors.
The reverse stock split is a strategic move to increase the stock price, which can help the company maintain its NASDAQ listing and attract institutional investors. This is generally seen as a positive action in the short term as it can lead to increased investor confidence.
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