Hyzon Announces 1-For-50 Reverse Stock Split, Effective September 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Hyzon announced a 1-for-50 reverse stock split effective September 11, 2024, to maintain its Nasdaq listing. The stock will trade on a split-adjusted basis under the symbol HYZN.
September 06, 2024 | 8:01 pm
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Hyzon is implementing a 1-for-50 reverse stock split to maintain its Nasdaq listing. This move is often used to increase the stock price by reducing the number of shares outstanding.
The reverse stock split is a strategic move to increase the stock price by reducing the number of shares, which is crucial for maintaining the Nasdaq listing. This action is significant for investors as it affects the stock's liquidity and market perception.
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