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CHEMISTREE TECHNOLOGY INC To Carry Out 1-for-10 Reverse Stock Split On June 24th, 2024

Moomoo News ·  Jun 19 19:40

June 19th (Eastern Time) - $CHEMISTREE TECHNOLOGY INC (CHMJF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 24th, 2024.

$CHEMISTREE TECHNOLOGY INC (CHMJF.US)$ closed at $0.0025 on June 18th with a turnover of $0.02. $CHEMISTREE TECHNOLOGY INC (CHMJF.US)$ now has a total market capitalization of $1.86 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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