Netcapital Announces 1-For-70 Reverse Stock Split Effective August 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Netcapital announced a 1-for-70 reverse stock split effective August 1, 2024. The common stock will trade on a split-adjusted basis starting August 2, 2024, under the symbol NCPL and new CUSIP 64113L202.
July 30, 2024 | 8:50 pm
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Netcapital is implementing a 1-for-70 reverse stock split effective August 1, 2024. The stock will trade on a split-adjusted basis starting August 2, 2024, under the symbol NCPL and new CUSIP 64113L202.
Reverse stock splits are often perceived negatively by investors as they can indicate a company is trying to boost its stock price artificially. This could lead to a short-term decline in NCPL's stock price.
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