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Chijet Motor To Carry Out 1-for-30 Reverse Stock Split On July 8th, 2024

Moomoo News ·  Jul 3 19:40

July 3rd (Eastern Time) - $Chijet Motor (CJET.US)$ is about to implement a 1-for-30 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 8th, 2024.

$Chijet Motor (CJET.US)$ slipped 1.55% and closed at $0.317 on July 2nd with a turnover of $3.26 million. $Chijet Motor (CJET.US)$ now has a total market capitalization of $50.94 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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