Orgenesis Approves A 1-for-10 Reverse Stock Split Effective At 5:00 Pm Eastern Time On September 24
Portfolio Pulse from Benzinga Newsdesk
Orgenesis has announced a 1-for-10 reverse stock split, effective at 5:00 PM Eastern Time on September 24. This corporate action is likely to impact the stock's trading price and liquidity.
September 23, 2024 | 11:07 am
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Orgenesis has approved a 1-for-10 reverse stock split, which will be effective on September 24. This action is expected to consolidate shares, potentially increasing the stock price but reducing the number of shares outstanding.
A reverse stock split typically increases the stock price by reducing the number of shares outstanding, which can make the stock more attractive to certain investors. However, it does not change the company's market capitalization. The impact on liquidity and investor perception can vary.
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