ShiftPixy Announces 1-For-15 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy has announced a 1-for-15 reverse stock split, which will consolidate every 15 shares of its common stock into one share. This move is often used to increase the stock price and meet exchange listing requirements.
September 20, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ShiftPixy is implementing a 1-for-15 reverse stock split, consolidating every 15 shares into one. This is typically done to increase the stock price and meet exchange listing requirements.
The reverse stock split is likely to increase the stock price by reducing the number of shares outstanding, which can help ShiftPixy meet exchange listing requirements and attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100