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Zoomcar Holdings ( (ZCAR) ) has issued an update.
Zoomcar Holdings, Inc. has announced a 1-for-100 reverse stock split of its common stock, set to take effect on October 21, 2024. The split is designed to boost the per share trading price and attract more investors, while ensuring compliance with Nasdaq’s listing requirements. Stockholders will see their shares automatically adjusted without changing the stock’s par value, and any fractional shares will be rounded up.
Learn more about ZCAR stock on TipRanks’ Stock Analysis page.