C3is Board Determines To Effect 1-For-40 Reverse Stock Split, August 19
C3is Inc. (the "Company") (NASDAQ:CISS) today announced that its board of directors has determined to effect a one-for-forty (1-for-40) reverse stock split of the Company’s common stock, par value $0.01 per
C3is is combining 40 of its shares into 1 share—this makes each share worth more on paper, but doesn't change what the company is actually worth. When a company does this, it often means the stock price had dropped pretty low, so watch to see if the company's business gets stronger or if this is just a quick fix.
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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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