sharerollback
Commented by Nico Popp on July 3rd, 2025 | 12:00 CEST
Breaking news: Reverse Stock Split at Almonty – Significance and Background
Tungsten producer Almonty Industries announced a reverse stock split on Thursday. Shares will be consolidated at a ratio of 1.5 to 1. Anyone who previously held 1,500 shares will hold 1,000 shares after the split. Fractional shares will be rounded down. For example, someone holding 149 shares will receive 99 new shares. The new shares will be traded under a new International Securities Identification Number (ISIN) starting July 7, 2025. The reverse split will not affect existing shareholders: while investors will hold fewer shares in their portfolios after the split, each share will be proportionally worth more. So why is a company like Almonty Industries carrying out such a measure in the first place?
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