Reported Earlier, PLAYSTUDIOS Sets 1-For-10 Reverse Stock Split Effective September 30 To Regain Nasdaq's $1.00 Minimum Bid Compliance
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Why It Matters
PlayStudios is doing a reverse stock split to raise its stock price. This helps them stay on the big Nasdaq exchange, which requires a minimum price.
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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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