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Beonic Ltd To Carry Out 1-for-10 Reverse Stock Split On December 2nd, 2024

Moomoo News ·  Oct 26 04:35

October 26th (Australian Eastern Time) - $Beonic Ltd (BEO.AU)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 2nd, 2024.

$Beonic Ltd (BEO.AU)$ rose 4.17% and closed at AUD$0.025 on October 25th with a turnover of AUD$4,105.


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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