June 21st (Eastern Time) - $Crown Electrokinetics (CRKN.US)$ is about to implement a 1-for-150 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 25th, 2024.
$Crown Electrokinetics (CRKN.US)$ slipped 12.59% and closed at $0.05 on June 20th with a turnover of $6.29 million. $Crown Electrokinetics (CRKN.US)$ now has a total market capitalization of $20.8 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.