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Minerva Surgical To Carry Out 1-for-20 Reverse Stock Split On October 2nd, 2023

moomoo News ·  Sep 28, 2023 19:40

September 29th - $Minerva Surgical (UTRS.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 2nd, 2023.

$Minerva Surgical (UTRS.US)$ slipped 8.06% and closed at $0.1655 on September 28th with a turnover of $86,460. $Minerva Surgical (UTRS.US)$ now has a total market capitalization of $29.38 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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