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Zk International Group Co ( (ZKIN) ) has provided an announcement.
On January 14, 2025, ZK International Group Co., Ltd. announced a 1-for-7 reverse share split of its ordinary shares, effective January 31, 2025, to comply with Nasdaq’s minimum bid price requirement of $1.00 per share. This move aims to reduce the outstanding shares from approximately 36 million to 5 million, ensuring continued listing on Nasdaq and preventing potential suspension or delisting, which could have significant implications for the company’s stock market presence and investor relations.
More about Zk International Group Co
ZK International Group Co., Ltd. is a China-based engineering company specializing in high-performance steel products. The company focuses on designing and implementing next-generation solutions through industrial, environmental, and software engineering, primarily aiming at the Chinese, Asian, and European markets. ZK International is certified in quality and environmental management systems and has a history of supplying stainless steel pipelines for major projects like the Beijing National Airport and Olympic venues.
YTD Price Performance: -35.17%
Average Trading Volume: 736,096
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $14.06M
Find detailed analytics on ZKIN stock on TipRanks’ Stock Analysis page.