BTC Digital Ltd. Announces 20-For-1 Share Consolidation
Portfolio Pulse from Happy Mohamed
BTC Digital Ltd. (NASDAQ:METX), a blockchain technology company, has announced a 20-for-1 share consolidation. The consolidation will be effective at 5:00 p.m. Cayman Islands time on August 23, 2023. Post-consolidation, the company's ordinary shares will trade on the Nasdaq Capital Market under the same symbol 'METX' but with a new CUSIP number. The company's warrants listed under the symbol 'METXW' will be proportionately adjusted in accordance with their terms.
August 23, 2023 | 12:31 pm
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BTC Digital's 20-for-1 share consolidation could lead to a temporary decrease in the company's share price due to the increased supply of shares. However, the long-term impact will depend on the company's future performance.
Share consolidations often lead to a temporary decrease in the share price due to the increased supply of shares. However, the long-term impact of the consolidation will depend on the company's future performance and market conditions.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100