Daré Bioscience Announces 1-For-12 Reverse Stock Split, To Begin Trading On A Split-Adjusted Basis When The Market Opens On Monday, July 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Daré Bioscience (NASDAQ:DARE) announced a 1-for-12 reverse stock split effective July 1, 2024. The stock will trade on a split-adjusted basis starting that day under the same symbol, DARE.
June 27, 2024 | 12:12 pm
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Daré Bioscience will implement a 1-for-12 reverse stock split effective July 1, 2024. The stock will trade on a split-adjusted basis starting that day under the same symbol, DARE.
A reverse stock split consolidates the number of existing shares into fewer, proportionally more valuable shares. This action is often taken to meet minimum share price requirements for continued listing on an exchange. The immediate impact on the stock price is neutral, but it could affect investor perception and trading volume.
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