SINT - Why SINTX Technologies Stock Is Falling | Benzinga
SINTX Technologies Inc (NASDAQ:SINT) shares are trading lower by 14% to $0.06 during Friday’s session after the company on Thursday announced a 1-for-200 reverse stock split.
This action aims to meet Nasdaq’s minimum bid price requirements. Every 200 existing shares will be consolidated into one share.
The reverse split does not change the total authorized shares or their par value and affects all shareholders uniformly, rounding up any fractional shares. This will reduce the ...