Sonoma Pharmaceuticals Announced The Timing For A 1-for-20 Reverse Split To Be Effective August 29, 2024 At 5:00 PM EDT
Portfolio Pulse from Benzinga Newsdesk
Sonoma Pharmaceuticals has announced a 1-for-20 reverse stock split, effective on August 29, 2024, at 5:00 PM EDT. This corporate action is likely to impact the stock's liquidity and price per share.
August 28, 2024 | 10:14 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Sonoma Pharmaceuticals is implementing a 1-for-20 reverse stock split on August 29, 2024. This move will consolidate shares, potentially increasing the stock price but reducing liquidity.
A reverse stock split reduces the number of shares outstanding, which can increase the stock price proportionally. However, it may also reduce liquidity as fewer shares are available for trading. This action is significant for current and potential investors as it affects the stock's market dynamics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100