Autonomix Medical Announces 1-For-20 Reverse Stock Split, Effective October 24, 2024
Portfolio Pulse from Benzinga Newsdesk
Autonomix Medical has announced a 1-for-20 reverse stock split, effective October 24, 2024. The company's common stock will begin trading on a post-split basis on October 25, reducing outstanding shares from 23 million to 1.15 million.
October 22, 2024 | 12:32 pm
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Autonomix Medical is implementing a 1-for-20 reverse stock split, reducing its outstanding shares significantly. This move is likely aimed at increasing the stock price by reducing the number of shares available.
The reverse stock split will reduce the number of shares, which typically increases the stock price by making each share more valuable. This can attract new investors and help the company meet listing requirements if needed.
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