Forge Global Announces Reverse Stock Split
1. Forge announces a 1-for-15 reverse stock split effective April 14, 2025. 2. Trading will begin on a split-adjusted basis on April 15, 2025.
1. Forge announces a 1-for-15 reverse stock split effective April 14, 2025. 2. Trading will begin on a split-adjusted basis on April 15, 2025.
Reverse stock splits can signal underlying financial struggles, historically leading to price drops. Similar past cases, like with Citigroup, show investor skepticism post-split.
The announcement of a reverse split is critical, as it directly impacts investor perception and stock liquidity.
Immediate price reactions are common after a reverse split, influencing short-term sentiment and trading activity.