Allbirds Just Completed a 1-For-20 Reverse Stock Split—What You Need To Know
Investopedia · 580 days
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AI Summary
Allbirds executed a 1-for-20 reverse stock split on Wednesday. This move helps maintain compliance with Nasdaq's $1 minimum share price requirement. The stock closed at 57 cents before the split, down 60% this year. Investors now own one share for every 20 after the reverse split. Shareholders not divisible by 20 receive cash payments instead of shares.
Market-Moving
- Allbirds executed a 1-for-20 reverse stock split on Wednesday.
- This move helps maintain compliance with Nasdaq's $1 minimum share price requirement.
- The stock closed at 57 cents before the split, down 60% this year.
Key Facts
- Allbirds executed a 1-for-20 reverse stock split on Wednesday.
- This move helps maintain compliance with Nasdaq's $1 minimum share price requirement.
- The stock closed at 57 cents before the split, down 60% this year.
- Investors now own one share for every 20 after the reverse split.
- Shareholders not divisible by 20 receive cash payments instead of shares.