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Bon Natural Life Plunges 28.77% on Reverse Split Announcement
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 3, 2025 8:51 am ET1min read
On April 3, 2025,
experienced a significant drop of 28.77% in pre-market trading.Bon Natural Life Ltd. has approved a reverse split at a ratio of one Class A ordinary share for every 25 Class A ordinary shares issued and outstanding. This move is likely aimed at increasing the stock's price per share, which could attract more investors and potentially stabilize the stock's volatility.
Bon Natural Life has also announced a share consolidation and scheduled a shareholder meeting. This consolidation is part of the company's efforts to streamline its share structure and potentially enhance shareholder value. The meeting will provide an opportunity for shareholders to discuss the company's strategic direction and future plans.
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