Republic Power Group (RPGL) announced that it will effect a reverse share split of its Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-20, to be effective at the open of business on February 23. The reverse share split will reduce the number of issued and outstanding shares of the company’s Class A ordinary shares from 62,025,000 to approximately 3.1 million shares, subject to any adjustments resulting from the treatment of the fractional shares.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPGL:
- Republic Power Group enters partnership with NVT
- Republic Power Group Raises $8.66 Million in Registered Share Offering
- Republic Power Group receives noncompliance notification from Nasdaq
- Republic Power Group Shareholders Approve New Charter and Flexible Reverse Split Authorization
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!