Noun
A process by which the stocks of a company are merged, resulting in a smaller number of more valuable shares.
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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.
Noun
a decrease in the number of outstanding shares of a corporation without changing the shareholders' equity
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