Workhorse (WKHS) Stock Plunges 11% on 1-for-20 Reverse Stock Split
Workhorse(WKHS) Investor Place·2024-06-13 22:52
Workhorse (NASDAQ:WKHS) stock is a hot topic on Thursday after the technology company announced plans for a 1-for-20 reverse stock split.Workhorse is moving forward with plans for a reverse stock split after getting approval from investors during its 2024 Annual Shareholder Meeting. Stockholders approved the board of directors’ ability to enact a reverse stock split ranging from 1-for-10 to 1-for-20.With that approval, 20 shares of WKHS stock will be consolidated into a single share when markets open on Jun ...