Smart Power Corp. (Nasdaq: CREG) has announced a 1-for-10 reverse stock split of its common stock to comply with the Nasdaq Capital Market’s minimum bid price requirement. The split will consolidate shares, reducing outstanding shares from 25.3 million to 2.53 million. The company’s stock will continue trading under the symbol “CREG” with a new CUSIP number post-split. The split will affect all issued shares, outstanding options, and warrants, adjusting exercise prices accordingly. Smart Power Corp. is a Xi’an-based energy efficiency solutions provider specializing in waste energy recycling for energy-intensive industries in China.

Read more at GlobeNewswire: Smart Powerr Corp. Announces Effective Date of Reverse