Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Amesite Inc. (NASDAQ:AMST) shares are trading lower by 3.89% to 33 cents during Tuesday's after-hours session. The company announced that it will effect a 1-for-12 reverse split of its common stock effective as of the open of business on Wednesday.
What Else?
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Amesite says the reverse stock split is primarily intended to bring the company into compliance with Nasdaq's minimum bid price requirement.
The reverse stock split was approved by the company's stockholders at a special meeting held Feb. 15, with the final ratio determined by the company's board of directors.
See Also: Why Keysight Technologies Stock Is Nosediving During Tuesday's After-Hours Session
As a result of the reverse stock split, every 12 shares of issued and outstanding common stock will be exchanged for 1 share of common stock, with any fractional shares being rounded up to the next higher whole share.
Immediately after the reverse stock split becomes effective, the company will have approximately 2,533,359 shares of common stock issued and outstanding.
According to data from Benzinga Pro, AMST has a 52-week high of $1.05 and a 52-week low of $0.13.
Photo via Pixabay.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.