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LIGHT MEDIA HOLDINGS INC To Carry Out 1-for-20 Reverse Stock Split On December 26th, 2024

Moomoo News ·  Dec 25 08:45

December 24th (Eastern Time) - $LIGHT MEDIA HOLDINGS INC (LGMH.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 26th, 2024.

$LIGHT MEDIA HOLDINGS INC (LGMH.US)$ rose 20.3% and closed at $0.04 on December 23rd with a turnover of $3,241.45. $LIGHT MEDIA HOLDINGS INC (LGMH.US)$ now has a total market capitalization of $2.22 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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