June 8th - $NITCHE'S INC (NICH.US)$ is about to implement a 1-for-60000 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 10th, 2024.
$NITCHE'S INC (NICH.US)$ slipped 50.0% and closed at $0.0002 on June 7th with a turnover of $80,401.96. $NITCHE'S INC (NICH.US)$ now has a total market capitalization of $191.9K.
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.