High-Trend International Group announces 1-for-25 reverse stock split

High-Trend International Group (HTCO)is reporting that its board of directors has approved a reverse stock split of the company’s Class A ordinary shares, a par value of US$0.0001 each, at a ratio of 1-for-25, with a post-Reverse Stock Split par value of $0.0025. The company is undertaking the Reverse Stock Split with the objective of meeting the minimum $1.00 per Ordinary Share bid requirement for maintaining the listing of the Ordinary Shares on The Nasdaq Capital Market. The Reverse Stock Split will be effective at 04:01 p.m. (ET) on Thursday August 7, and the Ordinary Shares will begin trading on a split-adjusted basis when the Nasdaq Stock Market opens for trading on Friday, August 8. The Ordinary Shares will continue to trade on The Nasdaq Capital Market under the trading symbol “HTCO” but will trade under the following new CUSIP number: G1901X 116.