Aditxt Announces 1-for-40 Reverse Stock Split Effective At Open Of Trading On Oct. 2
Portfolio Pulse from Benzinga Newsdesk
Aditxt has announced a 1-for-40 reverse stock split effective at the open of trading on October 2. This corporate action is aimed at increasing the per-share trading price of its common stock.
September 27, 2024 | 12:17 pm
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Aditxt is implementing a 1-for-40 reverse stock split to increase its stock's per-share price. This action is effective from October 2.
Reverse stock splits are typically used to increase the per-share price of a stock, which can help meet exchange listing requirements or attract investors. However, they do not change the company's market capitalization. The impact on the stock price can be neutral as it depends on market perception.
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