ST Alpha - "That’s a very….interesting reverse stock split ratio. -- (link)" (Reading a Post)

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That’s a very….interesting reverse stock split ratio. -- (link)

Posted by Znufrii, promoted (aka znufrii) Mar 7 '24, 11:57

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https://www.globenewswire.com/news-release/2024/03/06/2841189/0/en/Canoo-Inc-Announces-1-for-23-Reverse-Stock-Split-Effective-March-8-2024.html (www.globenewswire.com)

Responses:

It was to get it to $2 a share as of the price this morning. -- nm - Reagen Mar 7, 12:10 2
- You’d think they’d just go ahead and round it up to 25 -- nm - Znufrii, promoted Mar 7, 12:52
- Indeed, reverse splits are rarely for positive reasons. -- nm - Baron the Wonder Horse Mar 7, 12:22
23-Canoo, hut hike! -- nm - rollo Mar 7, 11:58

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