Vision Marine Technologies Approves 15-For-1 Reverse Stock Split, Warrant Exchange
Portfolio Pulse from Benzinga Newsdesk
Vision Marine Technologies has approved a 15-for-1 reverse stock split and a warrant exchange. This corporate action is aimed at consolidating shares and potentially increasing the stock price.
August 20, 2024 | 1:10 pm
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Vision Marine Technologies has approved a 15-for-1 reverse stock split and a warrant exchange. This move is likely to consolidate shares and potentially increase the stock price.
The reverse stock split will reduce the number of shares outstanding, which often leads to an increase in the stock price if the market perceives it positively. The warrant exchange could also affect the stock's liquidity and investor sentiment.
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