Better Announces 1-for-50 Reverse Stock Split Effective August 16, 2024
Portfolio Pulse from Benzinga Newsdesk
Better has announced a 1-for-50 reverse stock split effective August 16, 2024. The split was approved by stockholders and the Board of Directors. The Class A common stock will begin trading on a split-adjusted basis on August 19, 2024.
August 08, 2024 | 5:40 am
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Better has announced a 1-for-50 reverse stock split effective August 16, 2024. The stock will begin trading on a split-adjusted basis on August 19, 2024.
Reverse stock splits can be neutral in the short term as they do not change the fundamental value of the company. However, they can sometimes be perceived negatively by investors as they are often used to meet listing requirements.
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