reverse split
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English
[edit ]Noun
[edit ]reverse split (plural reverse splits )
- (finance ) A process by which the stocks of a company are merged, resulting in a smaller number of more valuable shares.
- 2024 July 3, Rainier Harris, "Even Virgin Galactic Loyalists Are Starting to Lose Faith", in Bloomberg News [1] , New York, N.Y.: Bloomberg L.P., →ISSN, →OCLC, archived from the original on 3 July 2024:
- When asked for Virgin Galactic's strategy on the reverse split, a company spokesperson referred to the firm's Jun. 12 proxy statement, which detailed the importance of maintaining its New York Stock Exchange listing for liquidity and future capital raises.
Further reading
[edit ]- reverse split on Wikipedia.Wikipedia