Antelope Enterprise Holdings ( (AEHL) ) has issued an update.
Antelope Enterprise Holdings announced a 1-for-40 reverse stock split of its Class A ordinary shares, effective April 3, 2025, to meet NASDAQ’s minimum bid price requirement of $1.00 per share. This move aims to maintain the company’s listing on the NASDAQ Capital Market, reducing the total number of shares from approximately 41.4 million to 1.04 million, with no fractional shares issued. The reverse split will not affect shareholders’ percentage ownership but is crucial for avoiding potential delisting, which could adversely impact the value and liquidity of the company’s securities.
More about Antelope Enterprise Holdings
Antelope Enterprise Holdings Limited holds a 51% ownership in Hainan Kylin Cloud Services Technology Co. Ltd, which operates a livestreaming e-commerce business in China, providing access to over 800,000 hosts and influencers.
YTD Price Performance: -76.25%
Average Trading Volume: 3,457,529
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.18M
See more insights into AEHL stock on TipRanks’ Stock Analysis page.