Tantech Holdings Shares Fall 13% After Hours After Announcing 1-for-50 Reverse Split: What You Need To Know
Tantech Holdings shares fall after hours as company sets 1-for-50 reverse split.
Tantech is combining 50 old shares into 1 new share—a math move that doesn't change what the company is worth, but the stock price dropped anyway after hours. When a company does this, watch to see if it helps them stay listed on their exchange or if bigger problems are happening behind the scenes.
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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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