GRI Bio Announces Reverse Stock Split
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GRI Bio, Inc. has announced a 1-for-17 reverse stock split, which will take effect on February 24, 2025. This move was approved by the company's board and stockholders to adjust the trading price of its common stock.
February 19, 2025 | 9:30 pm
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GRI Bio, Inc. has announced a 1-for-17 reverse stock split, effective February 24, 2025. 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, which typically increases the stock price proportionally. This is often done to meet minimum price requirements for continued listing on exchanges or to attract investors by increasing the stock price. However, the actual impact on the stock price will depend on market perception and other factors.
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