What's Going On With Workhorse Shares Monday?
WKHS implemented a 1-for-12 reverse stock split to increase share price. Outstanding shares reduced from 26 million to about 2.17 million. The reverse split aims to meet Nasdaq's minimum price requirements. Post-split trading began, but shares fell by 18.48% to $7.64. No assurance that the reverse split will meet Nasdaq requirements.
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