A reverse split raises the share price. What happens to ownership?
A reverse split changes the quoted unit. A later financing changes the ownership denominator. Here is how to read the two disclosures separately.
Ben Hollis
Ben Hollis covers small-company disclosures, ownership structures and the claims surrounding penny stocks. He uses simple arithmetic and the underlying documents to examine stories that can sound more convincing than they are. Away from his desk, Ben enjoys field guides and surfing—even when most of the session involves falling off.