Antelope Enterprise Plunges 14.35% Amid Reverse Split, Restructuring

On April 7, 2025, Antelope Enterprise experienced a significant drop of 14.35% in pre-market trading, reflecting a notable decline in investor sentiment.

Antelope Enterprise recently announced a one-for-40 reverse stock split, which is a strategic move to boost the company's stock price and potentially regain compliance with NASDAQ's minimum bid price requirements. This action follows a deficiency letter received from NASDAQ regarding the company's minimum bid price deficiency, which has been a recurring issue for the company.

Additionally, Antelope Enterprise has been actively restructuring its management and board of directors, aiming to strengthen its leadership and strategic direction. The company has also been focusing on expanding its energy production capabilities, with the first phase of its planned energy production already sold out. This initiative is part of a broader strategy to tap into the $33.6 billion US market through its completed acquisition, positioning the company for growth in the energy sector.