TNL Mediagene (TNMG) announced that it will implement a 1-for-20 share consolidation of the company’s ordinary shares. The company’s ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on Tuesday, December 23. The share consolidation is intended to increase the per-share trading price of the company’s ordinary shares to assist in regaining compliance with the Nasdaq minimum bid price requirement of $1.00 per share for continued listing on Nasdaq.
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