Sintx Technologies To Carry Out 1-for-200 Reverse Stock Split On May 28th, 2024 moomoo news
$Sintx Technologies (SINT.US)$ anyone can help advise? our shares qty will change?
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101772965 : 200unit combine into 1 unit after the reverse split, as well as the price
Nooby newbie OP 101772965 : May or may not be a good thing right?
QM137over1 : The merger is 200:1, but the amount you invest remains the same. For example, if you bought 200 shares for 1 US dollar, the value is 200 yuan per share after the merger. Your number of shares is 1, but your assets are still $200!
Nooby newbie OP : Unless it shoots up right the price?
QM137over1 Nooby newbie OP : The price hasn't increased; it just looks good. NASDAQ requires that the stock price cannot fall below $1 for a year in a row. So they are operating this way to compound requirements. This is a very common phenomenon!
Si Gonod : maybe after the reverse stock split our shares it is difficult to sell.
Nooby newbie OP : Thank you all for explaining!
QM137over1 Si Gonod : What price did you get it
Si Gonod QM137over1 : maybe 1 share = $15..
QM137over1 Si Gonod : How is it still possible...
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