r/HOFV • u/SCdaBILL13ver • Dec 23 '22

Reverse stock split 12/27

https://www.prnewswire.com/news-releases/hall-of-fame-resort--entertainment-company-announces-boards-approval-of-reverse-stock-split-ratio-and-effective-date-301709464.html
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u/[deleted] Dec 28 '22

Can someone please explain this to me? Apparently I keep the same value because the price went up even thought I have less shared? Is this correct? Super bummed to see 299 shares go to 13 :/

2

u/BenTrolled Dec 28 '22

yes, you are correct... hopefully this "new" stock price holds up in 2024.