Knightscope Board On Sept. 4 Approved Reverse Split Of Class A Common Stock At Final Ratio Of 1-for-50 And Class B Common Stock At Final Ratio Of 1-for-50
Portfolio Pulse from Benzinga Newsdesk
Knightscope's board has approved a reverse stock split for both Class A and Class B common stock at a ratio of 1-for-50, effective from September 4.
September 11, 2024 | 12:14 pm
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Knightscope has approved a 1-for-50 reverse stock split for its Class A and B shares. This move is likely aimed at increasing the stock price by reducing the number of shares outstanding.
A reverse stock split reduces the number of shares outstanding, which typically increases the stock price. This can make the stock more attractive to investors and help meet listing requirements. The 1-for-50 ratio is significant, indicating a substantial adjustment.
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