BTB - Bit Brother to implement 1-for-15 reverse stock split
- Bit Brother ( NASDAQ: BTB ) is implementing a 1-for-15 reverse split of its class A ordinary shares, expected to become effective on or about Dec. 15.
- The board approved the reverse stock split on Sep. 29.
- As of Dec. 12, there were ~116,773,794 class A ordinary shares outstanding. Post the reverse stock split, there will be ~7,784,920 shares outstanding.
- The company is set to adopt a new share certificate in connection with the implementation of the reverse share split.
- BTB shares were trading -3.77% pre-market.
- Source: Press Release
For further details see:
Bit Brother to implement 1-for-15 reverse stock split