June 11th (Eastern Time) - $VS MEDIA Holdings (VSME.US)$ is about to implement a 1-for-7 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 18th, 2024.
$VS MEDIA Holdings (VSME.US)$ rose 3.5% and closed at $0.2898 on June 10th with a turnover of $171.17K. $VS MEDIA Holdings (VSME.US)$ now has a total market capitalization of $6.37 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.