NO, I mean 1,000. There has been two reverse splits with the first GX SPAC that they (Kepler/Bloom) had with Celularity. It’s not very complicated math.
Here’s the math:
100,000/10 = 10,000
10,000/10 = 1,000
If we drop below $1.00 like Celularity did, we will need to have another reverse split to stay on NASDAQ.
I want to know why the fak Mark convinced us all to vote for this merger when he had doubts about it from the beginning, except he never expressed those doubts until AFTER the merger!!!