December 13th (Eastern Time) - $22nd Century (XXII.US)$ is about to implement a 1-for-135 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 17th, 2024.
$22nd Century (XXII.US)$ rose 0.14% and closed at $0.0735 on December 12th with a turnover of $822.89K. $22nd Century (XXII.US)$ now has a total market capitalization of $3.4 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.