Mainz Biomed Announces Reverse Stock Split Soon After Collaborating With MedTech Giant Thermo Fisher Scientific
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Mainz Biomed N.V. (MYNZ) has announced a 1-for-40 reverse stock split, effective December 3, following its collaboration with Thermo Fisher Scientific.
December 03, 2024 | 8:00 pm
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Mainz Biomed N.V. has announced a 1-for-40 reverse stock split, effective December 3. This move comes shortly after their collaboration with Thermo Fisher Scientific.
Reverse stock splits often indicate a company is trying to boost its stock price, which can be perceived negatively by investors. The collaboration with Thermo Fisher is positive, but the immediate impact of the reverse split is likely to be negative.
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