Happiness Development Adopts 1:20 Reverse Share Split

Happiness Development Group Ltd (NASDAQ: HAPP) shareholders approved a 1 for 20 reverse split of ordinary shares.
Consequently, Happiness Development's shareholders will receive one new ordinary share of the company for every twenty shares they hold.
The company's ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on Oct. 11.
The reverse share split is expected to lead the company's Class A ordinary shares to trade at about twenty times the price per share it trades prior to the effectiveness of the reverse share split.
Price Action: HAPP shares are trading lower by 6.00% at $0.14 in premarket on the last check Monday.

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