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Plantify Foods Inc To Carry Out 1-for-200 Reverse Stock Split On November 8th, 2024

Moomoo News ·  Nov 5 00:35

November 5th (Eastern Time) - $Plantify Foods Inc (PTFY.CA)$ is about to implement a 1-for-200 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 8th, 2024.

$Plantify Foods Inc (PTFY.CA)$ closed at CAD$0.005 on October 15th with a turnover of CAD$8.


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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