January 2nd (Eastern Time) - $T Stamp (IDAI.US)$ is about to implement a 1-for-15 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 6th, 2025.
$T Stamp (IDAI.US)$ slipped 26.4% and closed at $0.8832 on December 31st with a turnover of $9.32 million. $T Stamp (IDAI.US)$ now has a total market capitalization of $22.28 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.