May 11th - $LadRx (LADX.US)$ is about to implement a 1-for-100 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 18th, 2023.
$LadRx (LADX.US)$ slipped 5.74% and closed at $0.115 on May 10th with a turnover of $59,324.12. $LadRx (LADX.US)$ now has a total market capitalization of $5.35 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.