September 13th - $AMERICAN AIRES INC (AAIRF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 15th, 2023.
$AMERICAN AIRES INC (AAIRF.US)$ rose 20.19% and closed at $0.0125 on September 12th with a turnover of $29.08. $AMERICAN AIRES INC (AAIRF.US)$ now has a total market capitalization of $2.08 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.