SolarMax Approves 1-For-12 Reverse Stock Split
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001519472/000164033426001243/solarmax_8k.htm
SolarMax did a reverse stock split, meaning they combined 12 old shares into 1 new share—like trading 12 dimes for 1 dollar. When companies do this, it usually means the stock price got very low, so watch to see if the company's actual business is getting stronger or if it's just a number trick.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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