June 14th - $POWERTAP HYDROGEN CAPITAL CORP (MOTNF.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 15th, 2023.
$POWERTAP HYDROGEN CAPITAL CORP (MOTNF.US)$ rose 12.9% and closed at $0.035 on June 13th with a turnover of $1,826.04. $POWERTAP HYDROGEN CAPITAL CORP (MOTNF.US)$ now has a total market capitalization of $16.45 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.