ZW Data Action Technologies宣布反向股票拆分

2024-09-26 04:38

ZW Data Action Technologies (NASDAQ:CNET) has approved a reverse stock split of its common stock, par value $0.001/share at a ratio of 1-for-4.
The Reverse Stock Split will take effect on Sept. 30, 2024, and the shares of the Co. will trade on a post-split basis on Nasdaq under the Co.’s existing trading symbol “CNET,” at the market open on Sept. 30, 2024, upon Nasdaq’s approval.
The number of shares will be reduced from 50M shares to 12.5M shares and the issued and outstanding number of shares of the Common Stock will be correspondingly decreased.
The Reverse Stock Split is primarily being effected to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq.
CNET -7.21% after hours to $0.51.

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