Haoxi Health Technology (HAO) said it will effect a 1-for-20 reverse share split of its Class A and Class B ordinary shares. – The Class A shares begin to trade on a split-adjusted basis on Nasdaq on August 14. – The reverse split is expected to increase the companyâs Class A…
are price by approximately 20 times, although Haoxi cautioned that the post-split price may not reflect the full ratio or remain above the pre-split price. – The stock price plummeted about 24% on Wednesday pre-market trade. More on Haoxi Health Technology