Jiuzi Holdings (JZXN) said Friday it will implement a 1-for-13 reverse stock split to help regain compliance with the minimum bid price requirement for continued listing on Nasdaq.
The company said its shares will begin trading on a split-adjusted basis July 3.
Jiuzi said the reverse share split will reduce the number of its shares to about 10.4 million from around 135.3 million.
Shares of the company fell more than 3% in after-hours activity.
Price: 0.3450, Change: -0.01, Percent Change: -3.87
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments