Dragonfly Energy Announces 1-For-9 Reverse Stock Split
Portfolio Pulse from
Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) announced a 1-for-9 reverse stock split effective November 22, 2024. The stock will continue trading under the symbol DFLI with a new CUSIP number.
November 19, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Dragonfly Energy is implementing a 1-for-9 reverse stock split, which will reduce the number of outstanding shares and potentially increase the stock price per share.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price per share. However, it does not change the company's market capitalization. The impact on the stock price can vary, as it may be perceived as a move to meet listing requirements or improve the stock's marketability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100