Senti Bio Announces 1-for-10 Reverse Stock Split, Effective Jun. 17
Portfolio Pulse from Benzinga Newsdesk
Senti Bio has announced a 1-for-10 reverse stock split, effective June 17. This move is aimed at increasing the per-share trading price of its common stock.

July 16, 2024 | 12:38 pm
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Senti Bio has announced a 1-for-10 reverse stock split, effective June 17. This move is aimed at increasing the per-share trading price of its common stock.
A reverse stock split typically aims to increase the per-share price by reducing the number of shares outstanding. This can make the stock more attractive to institutional investors and help meet listing requirements. However, it does not change the company's market capitalization and can sometimes be seen as a sign of financial distress.
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