ETHZilla announces 1-for-10 reverse stock split, shares down ~6%

2025-10-15 21:34

ETHZilla (NASDAQ:ETHZ) stock was trading lower as the technology company connecting traditional finance with decentralized finance announced a 1-for-10 reverse stock split.

Shares were -6.25% Wednesday pre-market to $1.80.

The share consolidation is expected to become effective on Oct. 20 at 12:01 AM EDT.

The company said the reverse stock split is not related to any exchange listing requirements, and the transaction supports its long-term capital markets strategy.

The share consolidation was approved by the company's stockholders at the July 24 special meeting.

The event is expected to reduce the number of shares outstanding to ~16M from ~160M.

ETHZilla announces 1-for-10 reverse stock split, shares down ~6%

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ETHZilla announces 1-for-10 reverse stock split, shares down ~6%

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