Meiwu Technology Plunges 17.96% Amid Reverse Stock Split
Mover TrackerWednesday, Apr 23, 2025 4:37 am ET
1min readOn April 23, 2025,
experienced a significant drop of 17.96% in pre-market trading.Meiwu Technology recently announced a 1-for-20 reverse stock split, approved by its board of directors. This strategic move aims to enhance share value and regain compliance with listing requirements. The reverse split will consolidate the company's shares, potentially attracting more institutional investors and improving liquidity.
The company has also clarified that fractional shares resulting from the split will be rounded up to the nearest whole share. This decision is part of Meiwu Technology's broader efforts to streamline its share structure and enhance shareholder value. The reverse split is expected to have a positive impact on the company's stock performance in the long term.
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