Ontrak Announces 1-For-15 Reverse Stock Split Effective September 23, 2024
Portfolio Pulse from Benzinga Newsdesk
Ontrak, Inc. has announced a 1-for-15 reverse stock split effective September 23, 2024. This corporate action is aimed at increasing the per-share trading price of its common stock.
September 19, 2024 | 12:13 pm
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Ontrak, Inc. is implementing a 1-for-15 reverse stock split effective September 23, 2024. This move is intended to increase the per-share trading price of its common stock, which may affect its market perception and liquidity.
The reverse stock split is a significant corporate action that will consolidate shares, potentially increasing the stock price. However, such actions can also lead to reduced liquidity and may not always result in long-term price appreciation. The market's reaction will depend on investor perception of the company's future prospects.
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