CSE Bulletin: Consolidation - CENTR Brands Corp. (CNTR)
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CENTR Brands Corp. has announced a consolidation of its common shares, reducing the number of outstanding shares to approximately 11.6 million.
November 15, 2024 | 3:45 pm
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NEUTRAL IMPACT
CENTR Brands Corp. is consolidating its shares on a 1-for-10 basis, reducing the total number of outstanding shares to approximately 11.6 million.
The share consolidation reduces the number of shares, which can impact liquidity and potentially increase the stock price due to a lower share count. However, the fundamental value of the company remains unchanged, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100