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FSD Pharma To Carry Out 1-for-65 Reverse Stock Split On August 15th, 2024

Moomoo News ·  Aug 13 19:40

August 13th (Eastern Time) - $FSD Pharma (HUGE.US)$ is about to implement a 1-for-65 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 15th, 2024.

$FSD Pharma (HUGE.US)$ slipped 35.05% and closed at $0.1299 on August 12th with a turnover of $26.02 million. $FSD Pharma (HUGE.US)$ now has a total market capitalization of $5.98 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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