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Planet Green To Carry Out 1-for-10 Reverse Stock Split On June 3rd, 2024

moomoo News ·  May 16 19:40

May 17th - $Planet Green (PLAG.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 3rd, 2024.

$Planet Green (PLAG.US)$ rose 15.88% and closed at $0.2299 on May 16th with a turnover of $42,458. $Planet Green (PLAG.US)$ now has a total market capitalization of $16.57 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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