share_log

Safe & Green Development To Carry Out 1-for-20 Reverse Stock Split On October 8th, 2024

Moomoo News ·  Oct 4 19:35

October 4th (Eastern Time) - $Safe & Green Development (SGD.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 8th, 2024.

$Safe & Green Development (SGD.US)$ slipped 5.05% and closed at $0.2801 on October 3rd with a turnover of $39,172. $Safe & Green Development (SGD.US)$ now has a total market capitalization of $5.24 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
    Write a comment