Enveric’s stock split leads to quick $5M raise but shares slide

Green Market Report
By Adam JacksonJan 31, 2025, 8:44 am53 pts
A day after executing a reverse stock split to maintain its Nasdaq listing, Enveric Biosciences (NASDAQ: ENVB) raised $5 million Thursday through a public offering, sending its newly consolidated shares sharply lower. The company priced 1.67 million shares at $3 each, well below the $3.90 split-adjusted closing…

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