reverse stock split
- It's a process that companies use to raise the worth of their shares. This is done by recalling all existing shares and redistributing a smaller number of shares, each with a higher value
- Following a period of low trading prices, the board of the company decided to execute a reverse stock split to consolidate their shares and increase their individual value.
- Investors were notified about the decision of the company to implement a reverse stock split to boost the share value.
- Through a reverse stock split, the company aimed to meet the minimum trading price criteria of the stock exchange by diminishing the number of shares in circulation.