Reported about 2 months ago
This week features several key stock splits, including reverse stock splits for Surf Air Mobility, Better Home Finance, and more. These corporate actions are part of efforts by companies to comply with Nasdaq and NYSE listing requirements while improving share liquidity for retail investors. Notable mentions include Faraday Future's one-for-40 reverse split and Aligos Therapeutics' one-for-25 split, both effective August 19. Companies typically engage in such splits to maintain market capitalization while adjusting share prices.
Source: YAHOO