Microalgo, Inc. (MLGO) has released an update.
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MicroAlgo Inc. has successfully conducted its 2024 Extraordinary General Meeting, resulting in a shareholder-approved reverse stock split. The consolidation will transform every ten existing shares into one, aiming to meet NASDAQ’s minimum share price requirement for continued listing. Trading on a split-adjusted basis will commence on March 22, 2024, with adjustments made to the exercise price of the company’s warrants.
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