BiomX Announced A 1-For-10 Reverse Split, Effective August 26
Portfolio Pulse from Benzinga Newsdesk
BiomX announced a one-for-ten reverse stock split, effective August 26. This corporate action is aimed at increasing the per-share trading price of its common stock.
August 15, 2024 | 10:31 am
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BiomX (PHGE) announced a one-for-ten reverse stock split, effective August 26. This move is intended to increase the per-share trading price of its common stock.
A reverse stock split typically aims to increase the per-share price, which can make the stock more attractive to certain investors and help meet listing requirements. However, it does not change the company's market capitalization, so the immediate impact on the stock price is neutral.
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