September 11th (Eastern Time) - $BERKELEY GROUP HLDGS UNSP ADS EA REPR 0.2 ORD (BKGFY.US)$ is about to implement a 9649-for-10000 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 20th, 2024.
$BERKELEY GROUP HLDGS UNSP ADS EA REPR 0.2 ORD (BKGFY.US)$ rose 2.84% and closed at $13.05 on September 10th with a turnover of $1.56 million. $BERKELEY GROUP HLDGS UNSP ADS EA REPR 0.2 ORD (BKGFY.US)$ now has a total market capitalization of $6.65 billion.
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.