Nano Labs To Hold 2024 Annual General Meeting On October 23, 2024, To Vote On 10-to-1 Share Consolidation And Appoint MaloneBailey As Auditor
Portfolio Pulse from Benzinga Newsdesk
Nano Labs Ltd (NASDAQ:NA) will hold its 2024 Annual General Meeting on October 23, 2024, to vote on a 10-to-1 share consolidation and appoint MaloneBailey as its auditor.
September 23, 2024 | 8:33 pm
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Nano Labs Ltd is proposing a 10-to-1 share consolidation at its 2024 AGM, which could impact its stock price by potentially increasing the share price due to reduced share count. The appointment of MaloneBailey as auditor is also on the agenda.
The 10-to-1 share consolidation could lead to a higher stock price due to a reduced number of shares, which often results in a perception of increased value. The appointment of a new auditor is standard but indicates a focus on financial transparency.
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