BioVie Announces 1-for-10 Reverse Stock Split Now Effective
Portfolio Pulse from Benzinga Newsdesk
BioVie has announced a 1-for-10 reverse stock split, which is now effective. The company's common stock will trade on a split-adjusted basis under the symbol 'BIVI' with a new CUSIP 09074F405.
August 06, 2024 | 9:26 pm
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BioVie has implemented a 1-for-10 reverse stock split, which is now effective. The stock will trade on a split-adjusted basis under the symbol 'BIVI' with a new CUSIP 09074F405.
A reverse stock split consolidates the number of existing shares into fewer, proportionally more valuable shares. This action can be neutral in the short term as it does not change the company's market capitalization but may affect investor perception and liquidity.
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