Jiuzi Announces 1-For-13 Reverse Share Split, To Be Effective On Or Around The Open Of Trading On July 3, 2024
Portfolio Pulse from Benzinga Newsdesk
Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced a 1-for-13 reverse share split effective on or around July 3, 2024, to regain compliance with Nasdaq's minimum bid price requirement.
June 28, 2024 | 8:09 pm
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Jiuzi Holdings, Inc. (NASDAQ: JZXN) will implement a 1-for-13 reverse share split on July 3, 2024, to comply with Nasdaq's $1.00 minimum bid price requirement.
The reverse share split is a strategic move to regain compliance with Nasdaq's listing requirements. While it may not immediately affect the company's fundamentals, it could stabilize the stock price in the short term.
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