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An update from Aurora Acquisition (BETR) is now available.
The Company’s Board of Directors has approved a reverse stock split at a ratio of one-for-50, set to take effect on August 16, 2024, after stockholders authorized the move earlier in the year. This action, designed to consolidate shares and potentially boost the stock price, will reduce the number of authorized shares significantly, while holders of fractional shares will receive cash in lieu. The stock will continue trading under its current symbols on the Nasdaq, with the split-adjusted trading starting on August 19, 2024. Computershare is managing the exchange process, with no action required from stockholders holding shares in book entry form or through a nominee.
For a thorough assessment of BETR stock, go to TipRanks’ Stock Analysis page.