iCoreConnect Announces Reverse Stock Split
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
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Source: Newsfilter
Reverse Stock Split Announcement: iCoreConnect Inc. has announced a 1-for-20 reverse stock split of its common stock, effective at 11:59 pm on December 20, 2024, with trading on a post-split basis starting December 23, 2024.
Impact on Shares: The reverse stock split will reduce the number of outstanding shares from approximately 33 million to about 1.6 million, while the total authorized shares will remain at 250 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
