August 28th (Eastern Time) - $OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ is about to implement a 1-for-200 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from September 6th, 2024.
$OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ slipped 99.01% and closed at $0.0001 on August 23rd with a turnover of $0.23. $OI SA SPON ADR EACH REP 0.01 PFD (OIBRQ.US)$ now has a total market capitalization of $595.71K.
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.