Of Ratio Staffing 360 Solutions Reports Reverse Stock Split At Ratio Of One Post-Split For Every Ten Pre-Split
Portfolio Pulse from Benzinga Newsdesk
Staffing 360 Solutions (STAF) has announced a reverse stock split at a ratio of one post-split share for every ten pre-split shares.
June 24, 2024 | 1:01 pm
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Staffing 360 Solutions (STAF) has announced a reverse stock split at a ratio of one post-split share for every ten pre-split shares.
A reverse stock split consolidates the number of existing shares into fewer, proportionally more valuable shares. This can be a strategy to boost the stock price and meet listing requirements, but it does not change the company's market capitalization. The immediate impact on the stock price is neutral, but it may affect investor perception.
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