Reverse Split

Reverse splits exchange multiple old shares for one new share, lifting price and reducing share count mechanically. While value is unchanged, they sometimes signal distress or prep for new issuance.

“The investor’s chief problem—and even his worst enemy—is likely to be himself.” — Benjamin Graham

Checklist: - Check if an ATM or offering follows soon after. - Recalculate float and per-share metrics post-split. - Thin names can become even less liquid after a large reverse split.