March 12th - $Better Choice Co (BTTR.US)$ is about to implement a 1-for-44 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from March 21st, 2024.
$Better Choice Co (BTTR.US)$ slipped 21.74% and closed at $0.1181 on March 11th with a turnover of $170.77K. $Better Choice Co (BTTR.US)$ now has a total market capitalization of $4.28 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.