BlackSky Announces 1-for-8 Reverse Stock Split Effective September 6, 2024
Portfolio Pulse from Benzinga Newsdesk
BlackSky is implementing a 1-for-8 reverse stock split effective September 6, 2024. The Class A common stock will trade on a split-adjusted basis on the NYSE under the symbol 'BKSY' starting September 9.
September 04, 2024 | 8:28 pm
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BlackSky is conducting a 1-for-8 reverse stock split, which will reduce the number of shares and potentially increase the stock price per share. This action is effective September 6, 2024, with trading on a split-adjusted basis starting September 9.
The reverse stock split will consolidate shares, which typically increases the stock price per share. However, the overall market capitalization remains unchanged. This action may be aimed at meeting listing requirements or improving the stock's appeal to investors.
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