Zoomcar Holdings, Inc. Announces 1-for-20 Reverse Stock Split
Portfolio Pulse from
Zoomcar Holdings, Inc. (Nasdaq: ZCAR) announced a 1-for-20 reverse stock split effective March 21, 2025. Trading on a split-adjusted basis will begin March 24, 2025.
March 19, 2025 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Zoomcar Holdings, Inc. is implementing a 1-for-20 reverse stock split, effective March 21, 2025. This action will consolidate shares, potentially increasing the stock price per share.
The reverse stock split will reduce the number of shares outstanding, which typically increases the stock price per share. However, it does not change the company's market capitalization. The impact on the stock price is neutral as it is a technical adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100