GDEV Announces 1-For-10 Reverse Share Split
Portfolio Pulse from Benzinga Newsdesk
GDEV has announced a 1-for-10 reverse share split, which will consolidate every 10 shares into one. This move is often used to increase the stock price by reducing the number of shares outstanding.
August 21, 2024 | 1:00 pm
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GDEV has announced a 1-for-10 reverse share split, which will consolidate every 10 shares into one. This move is often used to increase the stock price by reducing the number of shares outstanding.
A reverse share split is typically implemented to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and help the company meet listing requirements. The announcement is likely to have a positive short-term impact on GDEV's stock price.
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