September 4th (Eastern Time) - $Cybin (CYBN.US)$ is about to implement a 1-for-38 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 19th, 2024.
$Cybin (CYBN.US)$ slipped 5.45% and closed at $0.2411 on September 3rd with a turnover of $944.15K. $Cybin (CYBN.US)$ now has a total market capitalization of $183.16 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.