Markforged Announces 1-for-10 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Markforged has announced a 1-for-10 reverse stock split, which will consolidate every 10 shares into one share. This move is often used to increase the stock price and meet exchange listing requirements.
September 09, 2024 | 8:16 pm
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Markforged's 1-for-10 reverse stock split will consolidate shares, potentially increasing the stock price to meet exchange requirements.
Reverse stock splits are typically used to increase the stock price by reducing the number of shares outstanding. This can help the company meet minimum price requirements for stock exchange listings, which is often viewed positively by investors.
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