Trust Stamp announces reverse stock split
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Trust Stamp (NASDAQ:IDAI) announced a 1-for-15 reverse stock split effective January 6, approved by its board and shareholders.
January 02, 2025 | 6:00 pm
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Trust Stamp is implementing a 1-for-15 reverse stock split, effective January 6, to consolidate shares and potentially increase the stock price.
The reverse stock split will reduce the number of shares outstanding, which can lead to an increase in the stock price if the market perceives it positively. However, it does not change the company's market capitalization. The impact on the stock price will depend on investor perception and market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100