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Synaptogenix Inc (NASDAQ:SNPX) shares are trading slightly higher Thursday morning after the company announced a 1-for-25 reverse stock split.
This move aims to increase the per-share trading price to meet Nasdaq’s minimum bid price requirement. The reverse split will occur on Thursday with trading on a split-adjusted basis starting on Friday.
The reverse split will uniformly affect all shareholders and reduce outstanding shares from 27,133,349 to about 1,085,333, with proportional adjustments made for equity awards, convertible preferred stock, and warrants.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Synaptogenix’s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, SNPX has a 52-week high of $1.88 and a 52-week low of $0.14.
Posted In: SNPX
