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AMERICAN BATTERY TECHNOLOGY CO To Carry Out 1-for-15 Reverse Stock Split On September 11th, 2023

moomoo News ·  Sep 8, 2023 19:40

September 9th - $AMERICAN BATTERY TECHNOLOGY CO (ABML.US)$ is about to implement a 1-for-15 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 11th, 2023.

$AMERICAN BATTERY TECHNOLOGY CO (ABML.US)$ slipped 6.86% and closed at $0.6338 on September 8th with a turnover of $2.34 million. $AMERICAN BATTERY TECHNOLOGY CO (ABML.US)$ now has a total market capitalization of $431.21 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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