July 30th (Eastern Time) - $TIDAL TR II DEFIANCE R2000 ENHANCED OPTIONS INCOME E (IWMY.US)$ is about to implement a 1-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 1st, 2024.
$TIDAL TR II DEFIANCE R2000 ENHANCED OPTIONS INCOME E (IWMY.US)$ slipped 0.52% and closed at $13.4193 on July 29th with a turnover of $3.89 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.