September 9th - $LACHLAN STAR LTD (LSLCF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 12th, 2023.
$LACHLAN STAR LTD (LSLCF.US)$ closed at $0.0045 on September 8th . $LACHLAN STAR LTD (LSLCF.US)$ now has a total market capitalization of $5.93 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.