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The latest announcement is out from Aurora Acquisition (BETR).
A company executed a 1-for-50 reverse stock split, effectively consolidating every 50 shares of its common stock into one, adjusting the warrant terms accordingly without changing par values or voting rights. Trading with new metrics commenced on the Nasdaq, while cash payouts were provided for fractional shares. The reverse stock split aimed to optimize the company’s structure and was approved by the board following shareholder consent. This strategic move, announced via press release, could intrigue investors by potentially increasing the stock’s market value and improving its financial ratios.
See more insights into BETR stock on TipRanks’ Stock Analysis page.
