INNOVATE Extends Effective Date For 1-For-10 Reverse Stock Split To August 8, 2024
Portfolio Pulse from Benzinga Newsdesk
INNOVATE Corp. (NYSE:VATE) has extended the effective date for its 1-for-10 reverse stock split to August 8, 2024. The split aims to increase the per share market price to meet NYSE's minimum bid price requirement. Trading on a split-adjusted basis will begin on August 9, 2024.

July 29, 2024 | 12:43 pm
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INNOVATE Corp. has extended the effective date for its 1-for-10 reverse stock split to August 8, 2024. The split aims to increase the per share market price to meet NYSE's minimum bid price requirement. Trading on a split-adjusted basis will begin on August 9, 2024.
The reverse stock split is intended to increase the per share market price of INNOVATE's common stock, which is crucial for meeting NYSE's minimum bid price requirement. This action is likely to have a positive short-term impact on the stock price as it addresses listing requirements and may attract more investors.
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