August 19th (Eastern Time) - $KOIOS BEVERAGE CORP (FITSF.US)$ is about to implement a 1-for-75 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 21st, 2024.
$KOIOS BEVERAGE CORP (FITSF.US)$ slipped 45.0% and closed at $0.0011 on August 16th with a turnover of $0.11. $KOIOS BEVERAGE CORP (FITSF.US)$ now has a total market capitalization of $156.3K.
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.