AgEagle Aerial Systems Plans Reverse Stock Split Of 1-For-50 Shares Of Common Stock, Effective As Of 5:00 P.M. (Eastern Time) On October 14, 2024
Portfolio Pulse from Benzinga Newsdesk
AgEagle Aerial Systems announced a reverse stock split of 1-for-50 shares of common stock, effective on October 14, 2024. This corporate action is likely to impact the stock's liquidity and market perception.
October 03, 2024 | 8:27 pm
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AgEagle Aerial Systems is implementing a 1-for-50 reverse stock split, effective October 14, 2024. This action may influence the stock's liquidity and investor perception.
A reverse stock split consolidates shares, potentially increasing the stock price and reducing the number of shares outstanding. This can affect liquidity and may change how investors perceive the stock, but the fundamental value of the company remains unchanged.
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