Aqua Metals Announces 1-For-20 Reverse Stock Split Effective November 5
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals has announced a 1-for-20 reverse stock split effective November 5. The shares will trade on Nasdaq under the symbol 'AQMS' on a split-adjusted basis.
November 01, 2024 | 1:04 pm
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Aqua Metals is implementing a 1-for-20 reverse stock split, effective November 5. This action will consolidate shares, potentially increasing the stock price per share.
The reverse stock split will reduce the number of outstanding shares, which typically increases the stock price per share. However, the overall market capitalization remains unchanged. This action is often used to meet minimum price requirements for exchange listings or to improve the perception of the stock.
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