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Agenus To Carry Out 1-for-20 Reverse Stock Split On April 12th, 2024

moomoo News ·  Apr 10 19:40

April 11th - $Agenus (AGEN.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 12th, 2024.

$Agenus (AGEN.US)$ slipped 8.3% and closed at $0.4461 on April 10th with a turnover of $2.72 million. $Agenus (AGEN.US)$ now has a total market capitalization of $186.88 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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