Cheetah Net Supply Chain Services Approved 1-For-16 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain Services has announced a 1-for-16 reverse stock split, as per their SEC filing. This corporate action is likely to impact the stock's liquidity and market perception.
October 21, 2024 | 1:05 pm
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Cheetah Net Supply Chain Services has approved a 1-for-16 reverse stock split. This action may reduce the number of shares outstanding, potentially increasing the stock price but could also affect liquidity and investor perception.
A reverse stock split reduces the number of shares outstanding, which can increase the stock price. However, it may also reduce liquidity and could be perceived negatively by investors as a sign of financial distress or an attempt to meet listing requirements.
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