August 5th - $Sysorex, Inc. (SYSX.US)$ is about to implement a 1-for-1000 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 7th, 2023.
$Sysorex, Inc. (SYSX.US)$ rose 11.11% and closed at $0.0005 on August 4th with a turnover of $31,411.21. $Sysorex, Inc. (SYSX.US)$ now has a total market capitalization of $1.24 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.