ENDRA Life Sciences Announces 1-for-50 Reverse Stock Split, Effective On Aug. 20
Portfolio Pulse from Benzinga Newsdesk
ENDRA Life Sciences has announced a 1-for-50 reverse stock split, which will be effective on August 20. This move is likely aimed at increasing the stock price to meet listing requirements.
August 16, 2024 | 12:01 pm
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ENDRA Life Sciences has announced a 1-for-50 reverse stock split, effective on August 20. This action is likely intended to increase the stock price to meet listing requirements.
A reverse stock split typically aims to increase the stock price by reducing the number of shares outstanding. This can help the company meet minimum price requirements for stock exchange listings, which is generally viewed positively by investors in the short term.
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