share_log

Super League Gaming To Carry Out 1-for-20 Reverse Stock Split On September 11th, 2023

Moomoo News ·  Sep 8, 2023 19:40

September 9th - $Super League Gaming (SLGG.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 11th, 2023.

$Super League Gaming (SLGG.US)$ slipped 22.6% and closed at $0.0856 on September 8th with a turnover of $482.95K. $Super League Gaming (SLGG.US)$ now has a total market capitalization of $5.83 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
    Write a comment