ZK International Group Announces 1-for-7 Reverse Stock Split
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ZK International Group Co., Ltd. has announced a 1-for-7 reverse stock split of its ordinary shares, approved by the Board of Directors on January 14, 2025.
January 29, 2025 | 2:15 pm
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ZK International Group has announced a 1-for-7 reverse stock split, which consolidates every 7 shares into 1. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
A reverse stock split reduces the number of shares outstanding, which can increase the stock price. This is often done to meet minimum price requirements for stock exchanges or to improve the perception of the stock. The impact on the stock price can vary, as it depends on investor perception and market conditions.
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