EUDA Health announces 1-for-20 reverse stock split

EUDA Health announced that it will implement a reverse stock split of its ordinary shares at a ratio of 1-for-20. The reverse stock split was approved by the company’s board of directors in accordance with British Virgin Islands law. The reverse stock split will take effect at market open on March 23 and the ordinary shares will trade on a post-split basis on Nasdaq under the company’s existing trading symbol (EUDA) and will continue to trade under that symbol.