Vertical Aerospace Plans 1:10 Reverse Share Split Of Its Issued And Unissued Ordinary Shares And Preferred Shares
Portfolio Pulse from Benzinga Newsdesk
Vertical Aerospace has announced a 1:10 reverse share split for its issued and unissued ordinary and preferred shares. This move is likely aimed at increasing the share price and maintaining compliance with stock exchange listing requirements.
September 16, 2024 | 9:01 pm
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Vertical Aerospace is implementing a 1:10 reverse share split for its ordinary and preferred shares. This action is typically taken to increase the share price and ensure compliance with stock exchange listing standards.
A reverse share split reduces the number of shares outstanding, which can increase the share price. This is often done to meet stock exchange requirements or to make the stock more attractive to investors. The announcement is directly related to EVTL, making it highly relevant and important for investors.
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