February 16th - $Jianzhi Education (JZ.US)$ is about to implement a 1-for-3 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from February 20th, 2024.
$Jianzhi Education (JZ.US)$ rose 2.04% and closed at $0.75 on February 15th with a turnover of $110.55K. $Jianzhi Education (JZ.US)$ now has a total market capitalization of $45.41 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.