May 3rd - $MELODIOL GLOBAL HEALTH LIMITED (COPHF.US)$ is about to implement a 1-for-30 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 4th, 2024.
$MELODIOL GLOBAL HEALTH LIMITED (COPHF.US)$ closed at $0.0039 on May 2nd with a turnover of $0.0. $MELODIOL GLOBAL HEALTH LIMITED (COPHF.US)$ now has a total market capitalization of $2.62 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.