Fundamental Global To Effect 1-For-25 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Fundamental Global announced a 1-25 reverse stock split, which will consolidate every 25 shares into one share. This move is often used to increase the stock price by reducing the number of shares outstanding.
October 28, 2024 | 8:15 pm
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Fundamental Global is executing a 1-25 reverse stock split, which will consolidate every 25 shares into one. This action is typically aimed at increasing the stock price by reducing the number of shares outstanding.
Reverse stock splits are often used by companies to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and help meet listing requirements. The 1-25 ratio indicates a significant consolidation, which could positively impact the stock price in the short term.
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