Here is an article presented by NASDAQ late last eyar on reverse splits:
https://www.nasdaq.com/articles/the-impact-of-reverse-splits-on-low-priced-stocks-2021-10-28
Here are a couple of points from the article in case you don't have time to read the whole thing:
The data shows that the market cap of the median split also falls slightly, but some research suggests that’s due to weaker fundamentals in those low-priced stocks. We would highlight that those stocks that voluntarily reverse split closer to their “perfect” price (which we talk about more below) perform better than other reverse splits. Notably, that is consistent with other academic research that finds that stocks generally drift downward post-reverse-split. However, the downward drift doesn’t appear to be extreme enough to erode the benefits of
completing the reverse split initially.
This article highlights the advantages from tradability of doing a reverse split.
Obviously, many reverse splits are done by junk companies and the results are, as many here and TH's CFO, fear. But TH is not a junk company so those fears are unjustified.