share_log

Apollomics To Carry Out 1-for-100 Reverse Stock Split On November 25th, 2024

Moomoo News ·  Nov 21, 2024 18:40

November 21st (Eastern Time) - $Apollomics (APLM.US)$ is about to implement a 1-for-100 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 25th, 2024.

$Apollomics (APLM.US)$ slipped 8.83% and closed at $0.1498 on November 20th with a turnover of $1.4 million. $Apollomics (APLM.US)$ now has a total market capitalization of $16.43 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