share_log

Eddy Smart Home Solutions Ltd To Carry Out 1-for-100 Reverse Stock Split On June 28th, 2024

Moomoo News ·  Jun 27 06:40

June 27th (Eastern Time) - $Eddy Smart Home Solutions Ltd (EDY.CA)$ is about to implement a 1-for-100 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 28th, 2024.

$Eddy Smart Home Solutions Ltd (EDY.CA)$ closed at CAD$0.03 on June 25th with a turnover of CAD$185.


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