iCoreConnect Announces Reverse Stock Split
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iCoreConnect Inc. (NASDAQ: ICCT) announced a 1-for-20 reverse stock split effective December 20, 2024. The stock will trade on a post-split basis starting December 23, 2024.
December 19, 2024 | 1:45 pm
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iCoreConnect Inc. is implementing a 1-for-20 reverse stock split, effective December 20, 2024. This action is likely aimed at increasing the stock price by reducing the number of shares outstanding.
The reverse stock split will reduce the number of shares outstanding, potentially increasing the stock price. However, such actions can be neutral in the short term as they do not change the company's market capitalization.
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