Recon Technology Announces 1-for-18 Reverse Stock Split [Yahoo! Finance]
Recon Technology, Ltd. - Class A Ordinary Shares (RCON)
US:NASDAQ Investor Relations:
exac.com/investors
Company Research
Source: Yahoo! Finance
approved on March 29, 2024 to effect a reverse stock split of the Company's Class A ordinary shares at the ratio of one-for-eighteen with the market effective date of May 1, 2024 The objective of the reverse stock split is to enable the Company to regain compliance with the NASDAQ Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. Beginning with the opening of trading on May 1, 2024 , the Company's ordinary shares will trade on the NASDAQ Capital Market on a split-adjusted basis, under the same symbol "RCON" but under a new CUSIP Number, G7415M132. The reverse stock split will reduce the number of Class A ordinary shares issued and outstanding from approximately 141,803,218 to approximately 7,877,956 (subject to adjustment due to the effect of rounding fractional shares into whole shares). As a result of the reverse stock split, each eighteen pre-split Class A ordinary shares outstanding will automatically combine and convert to one issued and outstanding Class A
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RCON
News
- Recon Technology Receives Nasdaq Delisting Determination; Submits Appeal [Yahoo! Finance]Yahoo! Finance
- Recon Technology receives Nasdaq delisting determination [Seeking Alpha]Seeking Alpha
- Recon Technology Receives Nasdaq Delisting Determination; Submits AppealPR Newswire
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Recon Technology Announces 1-for-18 Reverse Stock SplitPR Newswire
RCON
Sec Filings
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/2/24 - Form 6-K
- RCON's page on the SEC website