Polar Power Announces Reverse Stock Split
Portfolio Pulse from
Polar Power, Inc. (NASDAQ: POLA) announced a reverse stock split at a 1-for-7 ratio to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The split will take effect on November 19, 2024.
November 15, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Polar Power is implementing a 1-for-7 reverse stock split to comply with Nasdaq's minimum bid price requirement. This move is aimed at maintaining its listing on the Nasdaq Capital Market.
The reverse stock split is a strategic move to increase the stock price and comply with Nasdaq's listing requirements. While it doesn't change the company's market value, it may affect investor perception and trading activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100