reverse split
noun1
Business, Finance A process by which the stocks of a company are merged, resulting in a smaller number of more valuable shares.
- 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.2024 July 3, Rainier Harris, “Even Virgin Galactic Loyalists Are Starting to Lose Faith”, in Bloomberg News, New York, N.Y.: Bloomberg L.P., →ISSN, →OCLC, archived from the original on 03 Jul 2024: