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Avalo Therapeutics To Carry Out 1-for-240 Reverse Stock Split On December 29th, 2023

moomoo News ·  Dec 27, 2023 19:50

December 28th - $Avalo Therapeutics (AVTX.US)$ is about to implement a 1-for-240 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 29th, 2023.

$Avalo Therapeutics (AVTX.US)$ closed at $0.052 on December 27th with a turnover of $1.09 million. $Avalo Therapeutics (AVTX.US)$ now has a total market capitalization of $10 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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