Orgenesis Approves 1-for-10 Reverse Stock Split
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
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Source: Business Insider
Reverse Stock Split Announcement: Orgenesis Inc. has approved a 1-for-10 reverse stock split effective September 24, aimed at meeting Nasdaq's minimum bid price requirement of $1 per share.
Impact on Shares: The split will reduce the number of outstanding shares from approximately 47.7 million to about 4.8 million and proportionally decrease the total authorized shares from 145.8 million to 14.6 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.
