Ostin Technology Group implements 1-for-10 reverse share split to comply with Nasdaq rules.

From GlobeNewswire: 2024-12-19 16:30:00

Ostin Technology Group Co., Ltd. announces a 1-for-10 reverse share split of its ordinary shares to comply with Nasdaq rules. The split will reduce the outstanding shares from 18.1 million to 1.81 million, with trading starting on December 26, 2024. Shareholders will receive one share for every ten held, with no fractional shares issued. The Company’s Memorandum of Association has also been amended to adjust the number of authorized shares and par value. Detailed information is available in the notice of extraordinary general meeting filed with the SEC on November 8, 2024.

Founded in 2010, Ostin Technology Group Co., Ltd. is a Chinese supplier of display modules and polarizers used in consumer electronics, outdoor LCD displays, and automotive displays. The Company’s forward-looking statements address plans, objectives, and future events, emphasizing the risks and uncertainties involved. For more information, interested parties can visit the Company’s website or contact the Investor Relations department.



Read more at GlobeNewswire: Ostin Technology Group Announces Effective Date of Reverse