BRC Expects To Effect 1-For-10 Reverse Stock Split Of Class A Common Stock And Class B Common Stock On August 21
BRC Inc. (NYSE:BRCC) ("Black Rifle Coffee Company" or the "Company"), a Veteran-founded, mission-driven premium coffee company, today announced that the Company expects to effect a 1-for-10 reverse stock
BRC is doing a reverse stock split, which means 10 old shares will turn into 1 new share on August 21—the price per share will go up, but you own less shares. This is a tool companies use when their stock price gets very low, and watching how the stock acts afterward can hint at whether people think the company is improving.
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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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