June 27th (Eastern Time) - $1847 Holdings (EFSH.US)$ is about to implement a 1-for-13 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 8th, 2024.
$1847 Holdings (EFSH.US)$ rose 5.31% and closed at $0.333 on June 26th with a turnover of $56,294. $1847 Holdings (EFSH.US)$ now has a total market capitalization of $1.93 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.