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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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