- Antelope Enterprise Holdings Limited (AEHL, Financial) announces a strategic 1-for-40 reverse stock split.
- This action aims to comply with NASDAQ's $1.00 minimum bid price rule.
- Outstanding shares will significantly decrease, enhancing the stock's appeal.
Antelope Enterprise's Strategic Reverse Stock Split
Antelope Enterprise Holdings Limited (AEHL) has unveiled its plan to execute a 1-for-40 reverse stock split, effective on April 4, 2025. This strategic decision is designed to comply with NASDAQ's minimum bid price requirement of $1.00.
Impact on Outstanding Shares
The reverse stock split will significantly reduce Antelope Enterprise's outstanding shares from approximately 41.43 million to about 1.03 million. By consolidating shares, the company aims to enhance the per-share market value, thereby meeting exchange standards and potentially attracting a broader range of investors.
Key Dates and Trading Information
The trading of Antelope Enterprise's stock on a split-adjusted basis is slated to commence on the effective date. Investors should note this transition as it may influence trading strategies and portfolio allocations. Staying informed about how such corporate actions affect stock performance can be crucial for investment decisions.
