Nutex Health Announces 1-For-10 Reverse Stock Split, Effective With The Market Opening On Wednesday, July 3, 2024
Portfolio Pulse from Benzinga Newsdesk
Nutex Health Inc. (NASDAQ:NUTX) announced a 1-for-10 reverse stock split effective July 3, 2024, to regain compliance with Nasdaq's minimum bid price requirement.
June 27, 2024 | 8:30 pm
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Nutex Health Inc. (NASDAQ:NUTX) will undergo a 1-for-10 reverse stock split effective July 3, 2024, to comply with Nasdaq's minimum bid price requirement. This move is aimed at boosting the stock price to meet listing standards.
The reverse stock split is a strategic move to increase the stock price and maintain compliance with Nasdaq's listing requirements. While this may stabilize the stock price in the short term, the long-term impact will depend on the company's overall performance and market conditions.
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