OpGen To Carry Out 1-for-10 Reverse Stock Split On May 20th, 2024

Futu News ·  May 17 07:40

May 17th - $OpGen (OPGN.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 20th, 2024.

$OpGen (OPGN.US)$ rose 11.54% and closed at $0.4901 on May 16th with a turnover of $265.48K. $OpGen (OPGN.US)$ now has a total market capitalization of $6.18 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.


The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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