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Posted On: 06/15/2023 8:39:29 AM
Post# of 44029
$AITX On January 6, 2022, the Company issued a formal statement committing to no reverse stock split until January 1, 2024. The 8-K filed today extends this date to January 1, 2025. The Company noted it may confirm further extensions depending on business conditions.
Reverse splits are a strategic maneuver often employed by companies to increase the share price of their stock. This tactic is often used to satisfy minimum price requirements set by stock exchanges, thereby facilitating the company's listing or potential uplisting to prestigious exchanges like NASDAQ or NYSE. Additionally, reverse splits can help attract institutional investors who have restrictions on investing in stocks with low prices, as a higher share price may be perceived as more desirable.
Reverse splits are a strategic maneuver often employed by companies to increase the share price of their stock. This tactic is often used to satisfy minimum price requirements set by stock exchanges, thereby facilitating the company's listing or potential uplisting to prestigious exchanges like NASDAQ or NYSE. Additionally, reverse splits can help attract institutional investors who have restrictions on investing in stocks with low prices, as a higher share price may be perceived as more desirable.
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