Banzai International Will Effect A 1-For-50 Reverse Stock Split, Effective September 19
Portfolio Pulse from Benzinga Newsdesk
Banzai International is implementing a one-for-fifty reverse stock split, effective at 12:01 A.M. EDT on September 19. This corporate action is likely to impact the stock's liquidity and price per share.
September 19, 2024 | 11:46 am
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Banzai International is conducting a one-for-fifty reverse stock split, which will be effective on September 19. This action is expected to increase the stock's price per share while potentially reducing its liquidity.
A reverse stock split consolidates the number of existing shares into fewer, proportionally more valuable shares. This typically increases the stock price per share, which can make the stock more attractive to certain investors. However, it may also reduce liquidity as there are fewer shares available for trading. The neutral score reflects the balance between these potential positive and negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100