Better Choice Shares Scheduled to Reverse Split on Monday, July 6th (NYSE:SRXH)

Shares of Better Choice Company Inc. (NYSE:SRXH) are set to reverse split on the morning of Monday, July 6th. The 1-60 reverse split was announced on Wednesday, June 24th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 2nd.

Better Choice Price Performance

SRXH opened at $5.44 on Thursday. Better Choice has a fifty-two week low of $1.85 and a fifty-two week high of $2.14. The firm has a market capitalization of $9.96 million, a PE ratio of -0.26 and a beta of 0.74. The company’s 50-day moving average is $0.34 and its 200 day moving average is $0.23.

About Better Choice

Better Choice Company Inc is a special purpose acquisition company incorporated in Delaware in August 2020. The company was formed to identify and effect a business combination with one or more established businesses, focusing primarily on the consumer packaged goods sector. Better Choice Company completed its initial public offering in early 2021 and is listed on the Nasdaq under the ticker BTTR.

The company’s stated strategy is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination that creates value through scale, brand development and distribution expansion.