March 21st - $Aterian (ATER.US)$ is about to implement a 1-for-12 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from March 22nd, 2024.
$Aterian (ATER.US)$ slipped 12.92% and closed at $0.2879 on March 20th with a turnover of $1.17 million. $Aterian (ATER.US)$ now has a total market capitalization of $26.5 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.