TH International Announces Reverse Stock Split and Growth Milestones

TH International ( (THCH) ) has provided an announcement.

TH International Limited has announced the completion of a reverse stock split, effective January 13, 2025, to address Nasdaq’s minimum bid price requirement for continued listing. Despite the reverse split, the company anticipates receiving a formal notice from Nasdaq for not meeting the compliance criteria within the grace period, but plans to request a hearing to address the issue. Additionally, TH International has surpassed 1,000 operational shops and boasts a sub-franchise pipeline of 6,200 applications, indicating robust growth and expansion prospects for the future.

More about TH International

TH International Limited, trading on Nasdaq under the symbol THCH, is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International. Tims China focuses on world-class execution, data-driven decision making, local relevance, innovation, community, and convenience.

YTD Price Performance: -4.31%

Average Trading Volume: 128,391

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $22.86M

Learn more about THCH stock on TipRanks’ Stock Analysis page.