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ENGlobal To Carry Out 1-for-8 Reverse Stock Split On December 1st, 2023

moomoo News ·  Nov 29, 2023 19:50

November 30th - $ENGlobal (ENG.US)$ is about to implement a 1-for-8 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 1st, 2023.

$ENGlobal (ENG.US)$ slipped 6.54% and closed at $0.24 on November 29th with a turnover of $196.51K. $ENGlobal (ENG.US)$ now has a total market capitalization of $9.83 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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