Volcon Announces Reverse Stock Split
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Volcon Inc. (NASDAQ:VLCN) announced a 1-for-8 reverse stock split effective November 8, 2024. The stock will trade on a post-split basis starting November 11, 2024, under the same ticker but with a new CUSIP number.
November 07, 2024 | 1:45 pm
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NEUTRAL IMPACT
Volcon Inc. is implementing a 1-for-8 reverse stock split, which will consolidate shares and potentially impact stock liquidity and price.
The reverse stock split will reduce the number of shares outstanding, which can lead to a higher stock price per share. However, it may also affect liquidity and investor perception. The impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100