Greenpro Capital Corp - approves 1-for-10 reverse stock split - SEC filing

Greenpro Capital Corp. (GRNQ) has announced that it will implement a 1-for-10 reverse stock split of its common stock, effective on Thursday, July 28, 2022. This action is intended to adjust the company’s share structure and maintain compliance with Nasdaq listing requirements. As a result of the reverse split, shareholders will receive one new share for every ten shares previously held. The CUSIP number for the company’s shares will also be updated to 39540F309.

The reverse stock split was disclosed in conjunction with an SEC filing, though specific details of the filing were not provided in the referenced materials. Investors are advised to review official filings for additional information regarding the company’s financial status and corporate actions. Nasdaq has also indicated that interested parties may contact Nasdaq Trading Operations to register as market makers for GRNQ.

This corporate action reflects a common strategy used by publicly traded companies to adjust share prices and maintain market viability. Investors should monitor subsequent filings and announcements for further developments.