Genius Group announced a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Genius Group announced a 1-for-10 reverse stock split.
August 06, 2024 | 1:12 pm
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Genius Group announced a 1-for-10 reverse stock split, which will consolidate every 10 shares into 1 share.
A reverse stock split reduces the number of shares outstanding, which can lead to a higher stock price per share. However, it does not change the company's market capitalization. Investors may view this as a move to meet listing requirements or improve the stock's appeal.
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