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The latest announcement is out from Shineco ( (SISI) ).
Shineco, Inc. has announced a 1-for-24 reverse stock split to comply with NASDAQ’s listing requirements, effective November 12, 2024. This move consolidates every 24 shares into one, adjusting share positions automatically for stockholders. The action is intended to stabilize the company’s stock price, ensuring continued trading on the NASDAQ Capital Market under the new CUSIP Number 824567507.
Learn more about SISI stock on TipRanks’ Stock Analysis page.