Why Blackboxstocks (BLBX) Shares Are Falling

Blackboxstocks Inc BLBX shares are trading lower by 8.66% to $0.85 Monday morning after the company announced it set its reverse stock split ratio at 1-for-4.

As a result of the reverse split, every four shares of common stock issued and outstanding will be consolidated into one issued and outstanding share.

Blackboxstocks also says proportionate adjustments will be made to the exercise prices of the company's outstanding stock options and warrants and to the number of shares issued and issuable under the company's existing stock incentive plans.

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According to data from Benzinga Pro, BLBX has a 52-week high of $5.50 and a 52-week low of $0.26.