Volcon (VLCN) has released an update.
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The Company has announced a significant 1-for-45 reverse stock split of its common stock, a strategic move aimed at consolidating shares and potentially boosting the stock’s market price. This corporate action, which involves adjustments to the company’s articles of incorporation, will dramatically alter the number of outstanding shares and the net loss per share figures for various reporting periods. The financial community is keenly observing how this reverse split will influence the company’s share structure and investor perception, especially given the company’s net loss reported across multiple quarters.
For further insights into VLCN stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
