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ZK International To Carry Out 1-for-7 Reverse Stock Split On January 31st, 2025

Moomoo News ·  Jan 30 00:35

January 29th (Eastern Time) - $ZK International (ZKIN.US)$ is about to implement a 1-for-7 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from January 31st, 2025.

$ZK International (ZKIN.US)$ rose 20.4% and closed at $0.8187 on January 28th with a turnover of $22.7 million. $ZK International (ZKIN.US)$ now has a total market capitalization of $31.02 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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