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Mobiquity Technologies To Carry Out 1-for-15 Reverse Stock Split On August 7th, 2023

moomoo News ·  Aug 4, 2023 19:40

August 5th - $Mobiquity Technologies (MOBQ.US)$ is about to implement a 1-for-15 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 7th, 2023.

$Mobiquity Technologies (MOBQ.US)$ slipped 7.41% and closed at $0.09 on August 4th with a turnover of $186.08K. $Mobiquity Technologies (MOBQ.US)$ now has a total market capitalization of $3.47 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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