March 8, 2025
Tech News
France’s Atos is set to initiate a reverse stock split starting March 25, aimed at regaining investor confidence following a troubling financial restructuring last year. This move consolidates shares to help stabilize the stock’s value, which has plummeted to record lows. The process begins on March 25, 2025, and concludes on April 23, 2025, with the new shares trading from April 24, 2025. The initiative aims to reduce share price volatility and support a new stock market dynamic following significant dilution from a capital increase last year.
Meanwhile, the FBI has issued a warning about scammers impersonating the BianLian ransomware group. Executives in the U.S. are receiving fake ransom notes, demanding high payouts and threatening data exposure. These fraudulent letters have primarily been targeting those in the healthcare sector. The scam involves physical letters sent via the U.S. Postal Service from a Boston address, demanding Bitcoin ransoms between $250,000 and $500,000.
Concurrent with these developments, Atos plans to conduct a capital markets day event in May to unveil its new strategy, further illustrating the company’s efforts to regain ground after overcoming substantial financial challenges.
Tech Explained
Reverse Stock Split – A corporate action where a company reduces the total number of its outstanding shares while increasing the share price proportionately. This is often done to boost the stock price and attract more investors by improving perceptions of market standing.
Ransomware – A type of malicious software that encrypts files on a user’s device, rendering them inaccessible until a ransom is paid. The impersonation of the BianLian ransomware group illustrates the growing threat of cyber crime targeting corporate executives.
