Arqit Quantum Has Determined To Effect A 25:1 Reverse Share Split, Effective September 25
Portfolio Pulse from Benzinga Newsdesk
Arqit Quantum has announced a 25:1 reverse share split effective September 25. This corporate action is likely to impact the stock's liquidity and price per share.
September 19, 2024 | 11:35 am
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Arqit Quantum is implementing a 25:1 reverse share split on September 25, which will consolidate shares and potentially increase the stock price per share while reducing the number of shares outstanding.
A reverse share split reduces the number of shares outstanding, which can increase the stock price per share. However, it does not change the company's market capitalization. This action may affect liquidity and investor perception, but the overall impact on the stock price is uncertain in the short term.
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