August 26th (Eastern Time) - $Forte Biosciences (FBRX.US)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 28th, 2024.
$Forte Biosciences (FBRX.US)$ slipped 0.75% and closed at $0.3166 on August 23rd with a turnover of $124.28K. $Forte Biosciences (FBRX.US)$ now has a total market capitalization of $11.55 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.