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Versus Systems To Carry Out 1-for-16 Reverse Stock Split On December 29th, 2023

moomoo News ·  Dec 27, 2023 19:50

December 28th - $Versus Systems (VS.US)$ is about to implement a 1-for-16 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 29th, 2023.

$Versus Systems (VS.US)$ slipped 7.88% and closed at $0.1484 on December 27th with a turnover of $521.34K. $Versus Systems (VS.US)$ now has a total market capitalization of $5.95 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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