K Wave Media Announces 1-For-30 Reverse Stock Split, Effective Aug. 3
K Wave Media Ltd. (Nasdaq: KWM) ("K Wave Media," the "Company," "we," "our," or "us"), today announced that it will effect a 1-for-30 reverse stock split of its issued and
K Wave Media is combining 30 old shares into 1 new share on August 3rd—this makes each share worth more on paper, but you own the same company piece. When a company does this, it often means the stock price was very low, so watch if the company's real business is getting stronger or if this is just a math 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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