November 2nd - $VSBLTY GROUPE TECHNOLOGIES CORP (VSBGF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 3rd, 2023.
$VSBLTY GROUPE TECHNOLOGIES CORP (VSBGF.US)$ slipped 15.49% and closed at $0.03 on November 1st with a turnover of $24,250.58. $VSBLTY GROUPE TECHNOLOGIES CORP (VSBGF.US)$ now has a total market capitalization of $9.78 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.