Wearable Devices Ltd. Announces 1-For-20 Reverse Stock Split, Will Begin Trading On A Split-Adjusted Basis When The Market Opens On October 10, 2024
Portfolio Pulse from Benzinga Newsdesk
Wearable Devices Ltd. (NASDAQ:WLDS) announced a 1-for-20 reverse stock split, effective October 10, 2024. The company's shares and warrants will trade on a split-adjusted basis under the same symbols, WLDS and WLDSW.
October 07, 2024 | 12:06 pm
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Wearable Devices Ltd. is implementing a 1-for-20 reverse stock split, effective October 10, 2024. This action is likely to impact the stock price as it adjusts to the new share structure.
The reverse stock split will consolidate shares, potentially increasing the stock price per share. However, the overall market capitalization remains unchanged, making the short-term impact on stock price neutral.
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