iSpecimen Announces 1-for-20 Reverse Stock Split, Effective 4:30 p.m. ET Sept. 13
Portfolio Pulse from Benzinga Newsdesk
iSpecimen has announced a 1-for-20 reverse stock split effective at 4:30 p.m. ET on September 13. This corporate action is likely to impact the stock's trading price and liquidity.
September 11, 2024 | 8:30 pm
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iSpecimen is implementing a 1-for-20 reverse stock split, which will consolidate shares and potentially increase the stock price. This action may affect liquidity and investor perception.
A reverse stock split reduces the number of shares outstanding, which can increase the stock price proportionally. This may improve the stock's appeal to certain investors but could also reduce liquidity. The market's reaction will depend on investor perception of the company's future prospects.
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