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Aduro Clean Technologies Inc To Carry Out 4-for-13 Reverse Stock Split On August 20th, 2024

Moomoo News ·  Aug 16 20:40

August 16th (Eastern Time) - $Aduro Clean Technologies Inc (ACT.CA)$ is about to implement a 4-for-13 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 20th, 2024.

$Aduro Clean Technologies Inc (ACT.CA)$ slipped 5.61% and closed at CAD$1.85 on August 15th with a turnover of CAD$236.53K.


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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