Jeffs' Brands Announces 1-for-13 Reverse Share Split
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Jeffs' Brands has announced a 1-for-13 reverse share split, resulting in approximately 719,367 outstanding shares, with around 520,290 being publicly held.
November 15, 2024 | 1:15 pm
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Jeffs' Brands has implemented a 1-for-13 reverse share split, reducing the number of outstanding shares significantly. This move is likely aimed at increasing the stock price by reducing the number of shares available.
A reverse share split typically aims to increase the stock price by reducing the number of shares available. This can make the stock more attractive to investors and help the company meet listing requirements. The significant reduction in shares suggests a potential positive impact on the stock price.
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