How will the 1-for-15 reverse split affect the stock’s liquidity and daily trading volume?

A 1‑for‑15 reverse split will compress Salarius’ float from roughly 150 million shares to about 10 million, so the “share‑count” that market makers, algorithms and retail traders use to gauge activity drops dramatically. In practice this means the daily‑average volume (ADV) will fall in absolute‑share terms, even if the post‑split price per share rises proportionally. The thinner float typically translates into a wider bid‑ask spread on the Nasdaq Capital Market, making it more expensive to enter or exit positions and reducing the ease with which the stock can be bought or sold in larger blocks.

From a technical standpoint, the higher price level can attract a different class of investors—particularly institutions that have minimum‑price thresholds for permissible holdings—so the stock may see a modest “institutional‑interest” boost. However, the net effect is usually a short‑term dip in liquidity as the market adjusts to the new share structure, and the reduced share count can amplify price swings on relatively modest trade sizes.

Trading implications:

- Expect lower raw volume and a wider spread for the first few weeks after the August 18 opening; scale in/out more cautiously and use limit orders to avoid adverse price moves.

- Focus on price‑action and support levels rather than volume‑based signals until a new trading pattern emerges.

- Consider a position‑size reduction if you rely on tight execution, or alternatively, view the reduced float as an opportunity for higher‑beta exposure if you can tolerate increased volatility.

Overall, the reverse split will likely dampen day‑to‑day liquidity and shrink daily trading volume, so traders should prioritize execution discipline and monitor the evolving order‑book dynamics before committing larger capital.