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Agape ATP To Carry Out 1-for-20 Reverse Stock Split On August 30th, 2024

Moomoo News ·  Aug 28, 2024 23:35

August 28th (Eastern Time) - $Agape ATP (ATPC.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 30th, 2024.

$Agape ATP (ATPC.US)$ rose 17.33% and closed at $0.1185 on August 27th with a turnover of $2.78 million. $Agape ATP (ATPC.US)$ now has a total market capitalization of $9.12 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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