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KWESST Micro Systems Inc To Carry Out 1-for-10 Reverse Stock Split On October 23rd, 2024

Moomoo News ·  Oct 22 01:35

October 22nd (Eastern Time) - $KWESST Micro Systems Inc (KWE.CA)$ 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 23rd, 2024.

$KWESST Micro Systems Inc (KWE.CA)$ slipped 7.5% and closed at CAD$0.185 on October 21st with a turnover of CAD$6,042.


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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