Hepion Pharmaceuticals Announces Reverse Stock Split
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Hepion Pharmaceuticals (NASDAQ: HEPA) will implement a 1-for-50 reverse stock split effective March 18, 2025. This move is aimed at consolidating shares to potentially increase the stock price.
March 14, 2025 | 12:45 pm
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Hepion Pharmaceuticals is enacting a 1-for-50 reverse stock split to consolidate shares, which may lead to an increase in stock price by reducing the number of shares outstanding.
Reverse stock splits are often used to increase the per-share price by reducing the number of shares outstanding. This can make the stock more attractive to investors and help meet listing requirements. The 1-for-50 split significantly reduces the number of shares, which could lead to a higher stock price.
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