LogicMark, Inc. Announces Reverse Stock Splits
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LogicMark, Inc. has announced a reverse stock split at a ratio of 1 post-split share for every 25 pre-split shares. This move is aimed at consolidating shares and potentially increasing the stock price.
November 15, 2024 | 2:30 pm
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LogicMark, Inc. has approved a reverse stock split at a 1-for-25 ratio. This action is likely intended to increase the stock price by reducing the number of shares outstanding.
Reverse stock splits are often used by companies to increase the per-share price of their stock. By reducing the number of shares outstanding, the price per share can increase, which may help the company meet listing requirements or attract new investors. This move is significant for LogicMark as it directly affects the stock structure and market perception.
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