July 1st (Eastern Time) - $Jiuzi (JZXN.US)$ is about to implement a 1-for-13 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 3rd, 2024.
$Jiuzi (JZXN.US)$ slipped 1.51% and closed at $0.3589 on June 28th with a turnover of $33,017. $Jiuzi (JZXN.US)$ now has a total market capitalization of $42.24 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.