share_log

Meta Data To Carry Out 1-for-5 Reverse Stock Split On July 29th, 2024

Moomoo News ·  Jul 19 19:40

July 19th (Eastern Time) - $Meta Data (AIU.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 29th, 2024.

$Meta Data (AIU.US)$ slipped 2.04% and closed at $0.48 on July 18th with a turnover of $6,519. $Meta Data (AIU.US)$ now has a total market capitalization of $73.89 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
    Write a comment