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XTI Aerospace To Carry Out 1-for-250 Reverse Stock Split On January 10th, 2025

Moomoo News ·  Jan 7 08:40

January 6th (Eastern Time) - $XTI Aerospace (XTIA.US)$ is about to implement a 1-for-250 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 10th, 2025.

$XTI Aerospace (XTIA.US)$ slipped 1.43% and closed at $0.0414 on January 3rd with a turnover of $4.12 million. $XTI Aerospace (XTIA.US)$ now has a total market capitalization of $12.18 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
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