AtlasClear Holdings Announces Intent to Effect Reverse Stock Split
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AtlasClear Holdings, Inc. (NYSE American: ATCH) plans a 1-for-60 reverse stock split effective December 31, 2024, to consolidate its shares.
December 20, 2024 | 9:45 pm
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AtlasClear Holdings plans a 1-for-60 reverse stock split to consolidate its shares, effective December 31, 2024.
Reverse stock splits often indicate a company is trying to increase its stock price by reducing the number of shares outstanding. This can be perceived negatively by investors as it may suggest underlying financial issues or an attempt to meet listing requirements.
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