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Splash Beverage Plunges 10.93% Amid Reverse Split
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 17, 2025 7:47 am ET1min read
On April 17, 2025,
experienced a significant drop of 10.93% in pre-market trading, marking a notable decline in its stock performance.Splash Beverage Group Inc. recently announced a 1-for-40 reverse stock split, which means shareholders will now hold one share for every 40 shares they previously owned. This move is aimed at increasing the stock's price per share, which could potentially attract more investors and improve liquidity.
Additionally, the company has signed a new Letter of Intent (LOI) for a potential merger, indicating its strategic efforts to expand and strengthen its market position. This development could have a positive impact on the company's future growth prospects and investor confidence.
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