September 30th (Eastern Time) - $Sequans Communications (SQNS.US)$ is about to implement a 2-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 9th, 2024.
$Sequans Communications (SQNS.US)$ rose 0.91% and closed at $1.11 on September 27th with a turnover of $248.18K. $Sequans Communications (SQNS.US)$ now has a total market capitalization of $69.01 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.