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Kazia Therapeutics To Carry Out 1-for-10 Reverse Stock Split On October 28th, 2024

Moomoo News ·  Oct 17 07:35

October 16th (Eastern Time) - $Kazia Therapeutics (KZIA.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 28th, 2024.

$Kazia Therapeutics (KZIA.US)$ slipped 18.01% and closed at $0.3301 on October 15th with a turnover of $509.45K. $Kazia Therapeutics (KZIA.US)$ now has a total market capitalization of $10.98 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.

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