Ostin Technology Group Announces Update to Effective Date of Reverse Share Split
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Ostin Technology Group announced a revised effective date for its 1-for-10 reverse share split, now set for December 31, 2024. The company's Class A ordinary shares will trade on an adjusted basis under the ticker 'OST' on this date.
December 24, 2024 | 1:15 pm
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Ostin Technology Group has revised the effective date for its 1-for-10 reverse share split to December 31, 2024. This corporate action will adjust the trading price of its Class A ordinary shares.
The reverse share split will consolidate shares, potentially increasing the stock price per share. This is a significant corporate action that can affect investor perception and trading activity, but the overall market impact is neutral as it doesn't change the company's market capitalization.
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