Ostin Technology Group Announces Effective Date of Reverse Share Split
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Ostin Technology Group Co., Ltd. (Nasdaq: OST) announced a 1-for-10 reverse share split of its ordinary shares, effective December 26, 2024. The split was approved by shareholders and will result in adjusted trading under the same ticker symbol 'OST'.
December 19, 2024 | 9:45 pm
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Ostin Technology Group is implementing a 1-for-10 reverse share split, effective December 26, 2024. This corporate action is likely to impact the stock's liquidity and price per share.
The reverse share split will reduce the number of shares outstanding, potentially increasing the stock price per share. However, it may also affect liquidity and investor perception. The unchanged ticker symbol and new CUSIP number are administrative details that do not directly impact the stock price.
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