Antelope Enterprise Plunges 10.59% on Reverse Split

On April 7, 2025, Antelope Enterprise experienced a significant drop of 10.59% 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 meet NASDAQ's minimum bid price requirements. This action was taken in response to a deficiency letter received from NASDAQ regarding the company's minimum bid price deficiency. The reverse stock split aims to increase the stock price and potentially attract more investors, although it may also lead to a temporary decrease in trading volume.

Additionally, Antelope Enterprise has been actively strengthening its capital base by offering shares to investors. This move is part of the company's broader strategy to enhance its financial stability and support its ongoing operations. The company has also announced changes to its management and board of directors, indicating a focus on restructuring and improving corporate governance.

Antelope Enterprise's recent financial results for the first half of 2024 showed a decline in earnings, which may have contributed to the recent drop in stock price. The company's first phase of planned energy production has been sold out, indicating strong demand for its products. However, the company's stock price has been volatile, with significant fluctuations in recent months.