Ascent Solar Technologies Announces 1-For-100 Reverse Stock Split, Effective August 15, 2024
Portfolio Pulse from Benzinga Newsdesk
Ascent Solar Technologies (NASDAQ:ASTI) announced a 1-for-100 reverse stock split effective August 15, 2024. This move aims to consolidate shares and potentially increase the stock price.
August 13, 2024 | 3:46 pm
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Ascent Solar Technologies will implement a 1-for-100 reverse stock split on August 15, 2024. This action is likely to consolidate shares and potentially increase the stock price.
A reverse stock split reduces the number of shares outstanding, which can increase the stock price and make the stock more attractive to investors. This move is often seen as a way to meet listing requirements or improve market perception.
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