share_log

AD1 Holdings Ltd To Carry Out 1-for-10 Reverse Stock Split On November 6th, 2024

Moomoo News ·  Oct 4, 2024 05:35

October 4th (Australian Eastern Time) - $AD1 Holdings Ltd (AD1.AU)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 6th, 2024.

$AD1 Holdings Ltd (AD1.AU)$ closed at AUD$0.005 on September 30th with a turnover of AUD$6,252.


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