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Stock impact report

ETHZilla Stock Falls After Ethereum Treasury Firm Reveals 1-for-10 Reverse Stock Split [Yahoo! Finance]

ETHZilla Corporation (ETHZ) 
Company Research Source: Yahoo! Finance
The Palm Beach, Florida-based firm expects the split to become effective in trading at market open on October 20, at which point every 10 shares of outstanding ETHZ will be converted into one share. “As part of ETHZilla's effort to expand engagement with institutional investors, the reverse split is designed to provide these investors with access to collateral and margin availability associated with stock prices greater than $10.00,” the firm posted on X. “This decision reflects a strategic alignment with institutional standards, enabling broader participation from sophisticated capital into ETHZilla and positioning it for long-term growth.” The firm's outstanding share count will drop from around 160 million to approximately 16 million as part of the split. It cited mutual fund minimum share price limitations as part of its rationale. ETHZilla, formerly known as 180 Life Sciences , adopted an Ethereum treasury strategy and rebranded in late July, aiming to make a splash as o Show less Read more
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