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