245 A reverse stock split is a corporate action that reduces the number of outstanding shares of a public corporation. The aim of this is to increase the price per share, which a company might need to do to meet exchange listing rules or make it easier to raise money from new investors. A reverse stock split is the opposite of a traditional stock split ‘which increases the number of shares, decreasing the share price. Companies also do this to make it easier for investors to buy and sell shares in business. Why do a reverse stock split? You Might Be Interested In Citi develops new digital asset capabilities for institutional clients Japan builds on ASEAN’s infrastructure ambitions Hedge Fund Linked to Defrauded Anti-Cyber-Fraud Bankruptcy Raises Concerns Over Shared Characteristics BSP creates overnight reference rate Australia’s Central Bank Maintains Steady Rates with a Persistent Hiking Bias Qurate Retail Announces Interest Payment and Additional Distribution
