Cytosorbents Announces 1-for-20 Reverse Stock Split, Effective September 8
Reverse Stock Split Previously Approved by Shareholders; Intended to Support Compliance with Nasdaq's $1.00 Minimum Bid Price RequirementExpected to Become Effective and Trade on Split-Adjusted Basis at the Market
Cytosorbents is doing a reverse stock split, which means 20 old shares become 1 new share, to meet Nasdaq's rules about minimum stock price. When you see a reverse split, think about why the company needed it—it can hint at challenges, but the split itself doesn't change what the company is worth.
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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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