September 3rd (Japan Standard Time) - $Revolution (8894.JP)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 17th, 2024.
$Revolution (8894.JP)$ rose 7.69% and closed at JPY¥42.0 on September 2nd with a turnover of JPY¥2.34 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.