Nuvve shares are trading higher. The company announced a 1-for-10 reverse stock split of its common stock.
Portfolio Pulse from Benzinga Newsdesk
Nuvve shares are trading higher following the announcement of a 1-for-10 reverse stock split of its common stock.
September 13, 2024 | 3:40 pm
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Nuvve's stock is experiencing a price increase after the announcement of a 1-for-10 reverse stock split. This action is typically aimed at increasing the stock price by reducing the number of shares outstanding.
The reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. This is often done to meet minimum price requirements for stock exchanges or to make the stock more attractive to investors.
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