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Science 37 To Carry Out 1-for-20 Reverse Stock Split On December 8th, 2023

moomoo News ·  12/06/2023 08:50

December 6th - $Science 37 (SNCE.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 8th, 2023.

$Science 37 (SNCE.US)$ slipped 7.2% and closed at $0.232 on December 5th with a turnover of $309.25K. $Science 37 (SNCE.US)$ now has a total market capitalization of $27.7 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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