Scorpius Holdings Board Approves 1-For-200 Reverse Stock Split Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Scorpius Holdings' board has approved a 1-for-200 reverse stock split of its common stock, effective July 17, 2024. The stock will trade on a post-split basis on the OTC Markets under the ticker symbol SCPX starting July 18, 2024.
July 17, 2024 | 8:33 pm
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Scorpius Holdings has approved a 1-for-200 reverse stock split, effective July 17, 2024. The stock will trade on a post-split basis on the OTC Markets starting July 18, 2024.
The reverse stock split is intended to increase the stock price, but there is no assurance it will meet NYSE American requirements. This action may stabilize or slightly increase the stock price in the short term, but the long-term impact remains uncertain.
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