SG DevCo Announces 1-For-20 Reverse Stock Split Effective Oct. 8
Portfolio Pulse from Benzinga Newsdesk
SG DevCo has announced a 1-for-20 reverse stock split effective October 8. This corporate action is aimed at increasing the stock price by reducing the number of shares outstanding.
October 04, 2024 | 1:03 pm
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SG DevCo is implementing a 1-for-20 reverse stock split on October 8 to increase its stock price by reducing the number of shares outstanding.
The reverse stock split is a strategic move to increase the stock price by consolidating shares, which can make the stock more attractive to investors and potentially prevent delisting if the price was too low.
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