VERB Stockholders Vote To Institute A 1-For-200 Reverse Stock Split Of Its Common Stock, Will Begin Trading On A Split-Adjusted Basis At The Commencement Of Trading On October 9, 2024
Portfolio Pulse from Benzinga Newsdesk
Verb Technology Company, Inc. (NASDAQ:VERB) announced a 1-for-200 reverse stock split, effective October 9, 2024. The stock will continue trading under the symbol 'VERB' with a new CUSIP number.
October 04, 2024 | 8:03 pm
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Verb Technology's 1-for-200 reverse stock split is set to take effect on October 9, 2024. This move is likely aimed at increasing the stock price by reducing the number of shares outstanding.
The reverse stock split will reduce the number of shares outstanding, which typically increases the stock price proportionally. However, the market's perception of the split's necessity and the company's future prospects will ultimately determine the stock's short-term movement.
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