Luokung Expects To Implement 8-To-1 Share Combination
Portfolio Pulse from Benzinga Newsdesk
Luokung Technology Corp. plans to implement an 8-to-1 share combination, which is a reverse stock split. This move is likely aimed at increasing the stock price to meet listing requirements or improve market perception.
September 12, 2024 | 8:16 pm
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Luokung Technology Corp. is implementing an 8-to-1 reverse stock split. This action is typically used to increase the stock price, potentially to meet listing requirements or enhance market perception.
The reverse stock split is a significant corporate action that can affect the stock price by reducing the number of shares outstanding and increasing the price per share. This is often done to meet exchange listing requirements or to improve the stock's market perception.
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