Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

What’s Up With Bit Brother (BETS) Stock?

Bit Brother shares are trading lower by 18% Thursday afternoon. The company effected a 1 for 1,000 reverse split of its Class A and Class B ordinary shares.
byHenry Khederian
January 11, 2024
1 minute read
Total
0
Shares
0
0
0
0
0
0

Bit Brother Ltd (NASDAQ:BETS) shares are trading lower by 22% to $5.14 Thursday afternoon. The company effected a 1 for 1,000 reverse split of its Class A and Class B ordinary shares, approved by the board of directors in November.

Following the reverse split, shareholders received one new Class A ordinary share for every thousand shares held. The split-adjusted Class A shares commenced trading on Wednesday at approximately one thousand times the pre-split price per share.

As of January 8, 2024, approximately 3.8 billion Class A ordinary shares will be reduced to around 3.8 million after the 1 for 1,000 reverse split.

See Also: Bank Earnings Season Begins Friday

According to data from Benzinga Pro, BETS has a 52-week high of $6.50 and a 52-week low of $0.0038.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

How Tesla Bull Cathie Wood’s Ark Managed Its EV Holdings In 2022

By Bhavik Nair
January 2, 1:03 AM
Electric vehicles may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared in terms of stock price. What Happened: Some of the prominent EV players in the listed space have seen as much as 80% drop in their stock price since the beginning of the year.

ARKQ