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OI SA SPON ADR EACH REP 0.01 PFD To Carry Out 1-for-200 Reverse Stock Split On September 6th, 2024

Moomoo News ·  Aug 28 19:40

August 28th (Eastern Time) - $OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ is about to implement a 1-for-200 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 6th, 2024.

$OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ slipped 99.01% and closed at $0.0001 on August 23rd with a turnover of $0.23. $OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ now has a total market capitalization of $595.71K.


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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