Asset Entities Announces 1-For-5 Reverse Stock Split To Regain Compliance With Nasdaq's Minimum Bid Price
Portfolio Pulse from Benzinga Newsdesk
Asset Entities (ASST) has announced a 1-for-5 reverse stock split in an effort to regain compliance with Nasdaq's minimum bid price requirement.
June 28, 2024 | 11:15 am
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Asset Entities (ASST) has announced a 1-for-5 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. This move is aimed at increasing the stock price to meet the exchange's listing standards.
The reverse stock split is a strategic move to increase the stock price and meet Nasdaq's listing requirements. This could lead to a short-term increase in stock price as it shows the company's commitment to maintaining its listing status.
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