I currently hold 500 shares of Blend Labs ($BLND) and it just fell below $1 a few days ago. I haven’t heard anything about a reverse stock split — when does a company announce a reverse stock split?
Furthermore if it approaches the 30 day deadline and there’s no news of a stock split, do shares generally tank further or do they go up?
Also what happens if I hold onto my shares while the company gets delisted. If the company becomes profitable, do they generally pay out dividends to shareholders?
If I think Blend can turn a profit in few years, am I better off holding the stock even during a delisting or should I sell the stock now while there’s still liquidity?
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