Volcon announces a 1-for-45 reverse stock split and MaxLinear expects Q1 revenue decline, impacting share trading and shareholders.
Volcon announced a 1-for-45 reverse stock split, which includes dropping their shares from 11 cents to 11 cents after hours trading. Shares during this time dropped by 20%. MaxLinear, a provider of integrated circuits, is also expecting a decline in revenue for the first quarter which caused their shares to decrease by 12% to $18.35 in after-hours trading. These changes will affect trading and have consequences for shareholders.
14 months ago
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