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KING GLOBAL VENTURES INC To Carry Out 1-for-5 Reverse Stock Split On July 28th, 2023

Moomoo News ·  Jul 24, 2023 19:35

July 25th - $KING GLOBAL VENTURES INC (KGLDF.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 28th, 2023.

$KING GLOBAL VENTURES INC (KGLDF.US)$ closed at $0.029 on July 24th . $KING GLOBAL VENTURES INC (KGLDF.US)$ now has a total market capitalization of $451.7K.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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