France's Atos to Execute Reverse Stock Split on March 25

Post by: Pratik Kumar

Photo : Reuters

Atos, a French technology company, announced on Friday that it will do a reverse stock split to help rebuild trust with investors. This comes after the company worked on fixing its finances last year to deal with a big debt problem.

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The reverse stock split will start on March 25 and end on April 23, 2025. In this process, every 10,000 old shares, which are worth 0.0001 euros each, will be turned into one new share worth 1 euro.

These new shares will be priced at around 49 euros ($53.02) and will begin trading on April 24, 2025. The company hopes that this will help lower the ups and downs in its share price and make it more stable.

Atos' shares are currently at an all-time low, worth less than a cent each. This drop happened after the company raised 233 million euros last year, which caused many shareholders to lose part of their investment.

The company believes that the reverse stock split will help bring more stability to the share price and make investors feel more confident. Atos, which owns important supercomputers for France's nuclear defense, plans to announce its new strategy at an event in May.

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