JZXN - iuzi Holdings announces 1-for-18 reverse share split

2023-07-07 08:18:36 ET

• Jiuzi Holdings ( NASDAQ: JZXN ) has announced that it will effect a reverse share split of its outstanding ordinary shares, par value $0.001/share, at a ratio of 1-for-18 , to be effective on or around the open of trading on July 10, 2023.
• Following the reverse share split, the Ordinary Shares will have a par value of $0.018 per share and will continue to trade on Nasdaq under the symbol “JZXN” with the new CUSIP number, G51400128.
• The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per ordinary share for continued listing on Nasdaq.

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