Jaguar8 commented on a stock · Nov 22, 2024 23:38

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J-Long Group Limited Announces Share Consolidation/Reverse Stock Split to Regain NASDAQ Compliance

J-Long Group (Nasdaq: JL) announced a 1-for-10 reverse stock split effective December 3, 2024, to regain compliance with Nasdaq's minimum $1.00 bid price requirement. Trading on the adjusted basis will begin December 4, 2024. The total authorized Ordinary Shares will be reduced from 30,000,000 to 3,000,000, with a new par value of $0.000375 per share. No fractional shares will be issued, and shareholders will receive rounded-down whole shares. The consolidation will proportionally adjust outstanding stock options, warrants, and equity awards.

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74393072 : After merging, drop to 1 from the current price, then reverse split until it reaches zero.

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Jaguar8

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