Golden Heaven Group Holdings Ltd. (GDHG) has released an update.
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Golden Heaven Group Holdings Ltd. is set to undergo a strategic share consolidation to meet Nasdaq’s minimum bid price requirement and avoid delisting, with a 1:50 consolidation ratio effective September 19, 2024. This consolidation will reduce the number of outstanding ordinary shares from approximately 196.55 million to around 3.93 million. Shareholders do not need to take action as the change will automatically be updated in electronic brokerage accounts.
For further insights into GDHG stock, check out TipRanks’ Stock Analysis page.