ITP - IT Tech Packaging approves 1-for-10 reverse stock split to regain NYSE compliance

IT Tech Packaging (NYSE:ITP) Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share at a ratio of 1-for-10.  The reverse stock split is expected to become effective on July 7, 2022, and the shares are expected to begin trading on the split-adjusted basis on the NYSE at market open on July 8, 2022. The reverse stock split is primarily being effected to regain compliance NYSE standards related to the low price per share.

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IT Tech Packaging approves 1-for-10 reverse stock split to regain NYSE compliance