A reverse stock split is sometimes used as a means of:

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A reverse stock split is a measure used by a company to maintain its eligibility for trading on a stock exchange by reducing the number of outstanding shares. This is achieved by consolidating a certain number of existing shares into one new share, resulting in a higher share price but a lower total number of outstanding shares. This can be beneficial for the company because some stock exchanges have minimum standards for the number of outstanding shares and share price required for a stock to remain listed.

A Reverse Stock Split Is Sometimes Used as a Means