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XXL ASA UNSP ADR EACH REP 1 ORD SHS To Carry Out 1-for-100 Reverse Stock Split On August 2nd, 2024

Moomoo News ·  Jul 23 19:40

July 23rd (Eastern Time) - $XXL ASA UNSP ADR EACH REP 1 ORD SHS (XXLLY.US)$ is about to implement a 1-for-100 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 2nd, 2024.

$XXL ASA UNSP ADR EACH REP 1 ORD SHS (XXLLY.US)$ rose 13800.0% and closed at $6.95 on July 22nd with a turnover of $695. $XXL ASA UNSP ADR EACH REP 1 ORD SHS (XXLLY.US)$ now has a total market capitalization of $171.21 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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