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NETWORK MEDIA GROUP INC To Carry Out 1-for-5 Reverse Stock Split On September 21st, 2023

Moomoo News ·  Aug 31, 2023 07:40

August 31st - $NETWORK MEDIA GROUP INC (NETWF.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 21st, 2023.

$NETWORK MEDIA GROUP INC (NETWF.US)$ slipped 10.75% and closed at $0.02722 on August 30th with a turnover of $169.83. $NETWORK MEDIA GROUP INC (NETWF.US)$ now has a total market capitalization of $2.42 million.


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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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