Citius Pharmaceuticals, Inc. Announces 1-for-25 Reverse Stock Split
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Citius Pharmaceuticals, Inc. announced a 1-for-25 reverse stock split of its common stock, effective soon. This move is likely aimed at increasing the stock price by reducing the number of shares outstanding.
November 22, 2024 | 2:15 pm
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Citius Pharmaceuticals is implementing a 1-for-25 reverse stock split to potentially increase its stock price by reducing the number of shares outstanding.
Reverse stock splits are typically used to increase the stock price by reducing the number of shares outstanding. This can make the stock more attractive to investors and help the company meet listing requirements. The 1-for-25 ratio suggests a significant reduction in share count, which could lead to a higher stock price in the short term.
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