Expion360 Authorizes 1-For-100 Reverse Stock Split, Will Begin Trading On A Post-Split Basis When The Market Opens On October 9, 2024
Portfolio Pulse from Benzinga Newsdesk
Expion360 has authorized a 1-for-100 reverse stock split, which will consolidate every 100 shares of its common stock into one share. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
October 07, 2024 | 12:35 pm
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Expion360 has announced a 1-for-100 reverse stock split, which will consolidate every 100 shares into one. This action is often taken to increase the stock price by reducing the number of shares outstanding.
The reverse stock split is a significant corporate action that can lead to an increase in the stock price by reducing the number of shares outstanding. This is often done to meet minimum price requirements for stock exchanges or to make the stock more attractive to investors.
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