June 13th (Eastern Time) - $Workhorse (WKHS.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 17th, 2024.
$Workhorse (WKHS.US)$ slipped 1.01% and closed at $0.1767 on June 12th with a turnover of $1.95 million. $Workhorse (WKHS.US)$ now has a total market capitalization of $66.3 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.