reverse split

English

Noun

reverse split (plural reverse splits)

1. (finance) A process by which the stocks of a company are merged, resulting in a smaller number of more valuable shares.
   • 2024 July 3, Rainier Harris, “Even Virgin Galactic Loyalists Are Starting to Lose Faith”, in Bloomberg News‎^[1], New York, N.Y.: Bloomberg L.P., →ISSN, →OCLC, archived from the original on 3 July 2024:

     When asked for Virgin Galactic's strategy on the reverse split, a company spokesperson referred to the firm's Jun. 12 proxy statement, which detailed the importance of maintaining its New York Stock Exchange listing for liquidity and future capital raises.

Further reading

• reverse split on Wikipedia.Wikipedia