Zhibao Technology Announces 1-For-50 Reverse Stock Split, Effective Oct. 12
Zhibao Technology Inc. (NASDAQ:ZBAO) ("Zhibao" or the "Company"), today announced that it will proceed with a 1-for-50 reverse stock split ("Reverse Share Split") of its Class A ordinary shares
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Why It Matters
Zhibao is combining 50 old shares into 1 new share. When a company does this, watch if the price goes up or if people lose trust in it.
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