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EZGO Technologies Reveals 1-For-40 Reverse Share Split Effective April 12, 2024

Author: Benzinga Newsdesk | April 10, 2024 07:04am

The Company's ordinary shares will begin trading on a post-split basis on April 12, 2024. As a result of the Reverse Share Split, each forty (40) pre-split ordinary shares of the Company will be automatically combined into one (1) ordinary share without any action on the part of the holders, and the issued and outstanding ordinary shares will be reduced from 102,165,549 to approximately 2,554,139. The Reverse Share Split is intended to increase the market price per share of the Company's ordinary shares to allow the Company to maintain its Nasdaq listing.

Posted In: EZGO


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