future technology singularitySGLY) released an update.
Implemented by Singularity Future Technology Ltd. A 1-for-10 reverse stock split, with adjusted trading beginning on the Nasdaq stock market on February 12, 2024. This strategic move combined all 10 shares into one stock, with the goal of boosting the per-share trading price and meeting Nasdaq's minimum offering price requirements. The reverse split, which was previously approved by shareholders and the Board of Directors, keeps the total outstanding shares unchanged, with fractions of shares rounded to whole numbers, ensuring that the Company's shares continue to trade under the ticker “SGLY.”
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