Siyata Announces 1-For-18 Reverse Stock Split, To Be Effective On August 2, 2024
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile Inc. (NASDAQ: SYTA) announced a 1-for-18 reverse stock split effective August 2, 2024. The stock will trade on a post-split basis under the same symbol, SYTA, with a new CUSIP number.
July 31, 2024 | 1:04 pm
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Siyata Mobile Inc. (NASDAQ: SYTA) will undergo a 1-for-18 reverse stock split effective August 2, 2024. The stock will trade on a post-split basis under the same symbol, SYTA, with a new CUSIP number.
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 SYTA's stock price.
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