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Staffing 360 Solutions To Carry Out 1-for-10 Reverse Stock Split On June 26th, 2024

Moomoo News ·  Jun 24 19:40

June 24th (Eastern Time) - $Staffing 360 Solutions (STAF.US)$ 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 26th, 2024.

$Staffing 360 Solutions (STAF.US)$ rose 9.62% and closed at $0.3054 on June 21st with a turnover of $14,255. $Staffing 360 Solutions (STAF.US)$ now has a total market capitalization of $1.95 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.

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