September 30th - $EBET Inc (EBET.US)$ is about to implement a 1-for-30 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 2nd, 2023.
$EBET Inc (EBET.US)$ slipped 39.0% and closed at $0.0316 on September 29th with a turnover of $14.26 million. $EBET Inc (EBET.US)$ now has a total market capitalization of $14.15 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.