April 10th - $Bon Natural Life (BON.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 11th, 2024.
$Bon Natural Life (BON.US)$ rose 0.72% and closed at $0.42 on April 9th with a turnover of $68,939. $Bon Natural Life (BON.US)$ now has a total market capitalization of $5.85 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.