Beasley Broadcast Has Approved A Reverse Stock Split At A Ratio Of 1-for-20
Portfolio Pulse from Benzinga Newsdesk
Beasley Broadcast Group has approved a reverse stock split at a ratio of 1-for-20, which will consolidate every 20 shares into one share. This move is often used to increase the stock price and maintain compliance with stock exchange listing requirements.
September 19, 2024 | 11:06 am
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Beasley Broadcast Group has approved a 1-for-20 reverse stock split. This action is typically aimed at increasing the stock price and ensuring compliance with stock exchange listing standards.
The reverse stock split will reduce the number of shares outstanding, which can lead to an increase in the stock price. This is often done to meet stock exchange listing requirements or to make the stock more attractive to investors.
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