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Stock impact report

EZGO Announces 1-for-40 Reverse Share Split Effective April 12, 2024 [Yahoo! Finance]

EZGO Technologies Ltd. - Ordinary Shares (EZGO) 
Company Research Source: Yahoo! Finance
transportation solutions provider in China , today announced that on March 22, 2024 , its board of directors approved a reverse split of its ordinary shares on a one-for-forty basis (the "Reverse Share Split"). The Company's ordinary shares will begin trading on a post-split basis on April 12, 2024 As a result of the Reverse Share Split, each forty (40) pre-split ordinary shares of the Company will be automatically combined into one (1) ordinary share without any action on the part of the holders, with par value of the ordinary shares of the Company being changed from per share to per share, and the Company's issued and outstanding ordinary shares will be reduced from 102,165,549 to approximately 2,554,139. The Company's ordinary shares will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "EZGO" under a new CUSIP number – G5279F110. The Reverse Share Split is intended to increase the market price per share of the Company's ordinary shares to allow the Comp Show less Read more
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