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ARB IOT Group Limited ( (ARBB) ) just unveiled an announcement.
On May 29, 2025, ARB IOT Group Limited announced a one-for-fifteen reverse share split of its ordinary shares, effective June 2, 2025. This move aims to increase the per share trading price to meet NASDAQ’s $1.00 minimum bid price requirement for continued listing. The reverse split will consolidate every fifteen shares into one, adjusting outstanding warrants proportionately, and rounding up any fractional shares. Post-split, the company will have approximately 1,765,276 shares issued and outstanding.
More about ARB IOT Group Limited
ARB IOT Group Limited is a provider of comprehensive solutions for the integration of Internet of Things (IoT) systems and devices. The company offers a wide range of IoT systems and services, including system integration and support, delivering turnkey deployment from design to commissioning of various IoT systems and devices, as well as automated system integration.
Average Trading Volume: 4,073,766
Technical Sentiment Signal: Sell
Find detailed analytics on ARBB stock on TipRanks’ Stock Analysis page.