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Why Did Bolt Projects Holdings Inc. (BSLK) Soar 12.05%?
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 5:06 am ET1min read
Bolt Projects Holdings Inc. (BSLK) surged 12.05% in pre-market trading on April 23, 2025, driven by a significant reverse stock split.
Bolt Projects Holdings Inc. (BSLK) announced a 1:20 reverse stock split, effective April 22, 2025. This move is aimed at increasing the stock's price per share, which can make it more attractive to certain investors and potentially boost liquidity.
The reverse stock split is part of a broader strategy to enhance the company's financial profile and attract institutional investors. This strategic move is expected to have a positive impact on the company's market perception and could lead to further stock price appreciation.
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