Will Bioc Reverse Split?
(Bioc) Will Effect a One-for-Ten (1-10) Reverse Split of Its Common Stock. the Reverse Stock Split Will Become Effective on Tuesday, September 8, 2020. in...
(BIOC) will effect a one-for-ten (1-10) reverse split of its common stock. The reverse stock split will become effective on Tuesday, September 8, 2020. In conjunction with the reverse split, the CUSIP number will change to 09072V501.
Why did Bioc reverse split?
The objective of the reverse stock split is to increase the market price for the Company's common stock to, among things, enable the Company to regain compliance with the $1.00 minimum bid price requirement under applicable Nasdaq Listing Rules. ...
Is a reverse split bad for an ETF?
Propping up an ETF's price with a reverse share split can save it from delisting—a fate worse than closure, since it leaves investors with an extremely hard-to-liquidate position—but it can also make the fund look more valuable than it really is.
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