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Ginkgo effects a 1-for-40 reverse stock split
Ginkgo Bioworks executed a 1-for-40 reverse stock split of its Class A, B and C common stock on 19 August 2024 via amended charter filing. The consolidation increased per-share price while reducing total share count.
- Reverse splits are often used to restore share price above exchange minimum thresholds or improve market perception.
- All three share classes (A, B and C) underwent the same 1:40 split ratio.
- The charter amendment was filed and took effect the same day.