Janover Announces 1-for-8 Reverse Stock Split as Part of Nasdaq Compliance Plan
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Janover Inc. (Nasdaq: JNVR) announced a 1-for-8 reverse stock split to comply with Nasdaq listing requirements. The split will be effective on December 30, 2024, and the stock will trade under the same symbol with a new CUSIP number.
December 26, 2024 | 1:15 pm
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Janover Inc. is implementing a 1-for-8 reverse stock split to comply with Nasdaq listing requirements. This action is intended to increase the stock price by reducing the number of shares outstanding.
The reverse stock split is a strategic move to increase the stock price by reducing the number of shares, which is often done to meet exchange listing requirements. This can lead to a short-term increase in stock price due to the reduced share count, although it does not change the company's market capitalization.
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