ATIF Holdings Stock Plunged On 5 For 1 Reverse Stock Split Announcement

by Akanksha Bakshi, Benzinga Editor
August 19, 2021 4:08 PM | 30 seconds read |
  • ATIF Holdings Ltd ATIF has approved a reverse stock split of its authorized, issued, and outstanding ordinary shares, par value $0.001 per share, at a ratio of 5-for-1.
  • The shares will begin trading on Nasdaq on a split-adjusted basis at market open on August 30, 2021.
  • ATIF is effecting the reverse split to maintain its listing on The Nasdaq Stock Market.
  • ATIF's issued and outstanding ordinary shares will be reduced from 45,806,952 to ~9,161,390 post the split.
  • Price Action: ATIF shares closed lower by 34.58% at $0.45 on Thursday.
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Posted In: M&ANewsPenny StocksStock SplitBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!