May 30th - $VIBE GROWTH CORPORATION (VIBEF.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 3rd, 2024.
$VIBE GROWTH CORPORATION (VIBEF.US)$ rose 8.42% and closed at $0.01995 on May 29th with a turnover of $21.95. $VIBE GROWTH CORPORATION (VIBEF.US)$ now has a total market capitalization of $2.15 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.