Meiwu Technology Soars 44.35% on Reverse Split
1min read On April 22, 2025, Meiwu Technology's stock surged by 44.35% in pre-market trading, marking a significant rise in its share price.
Meiwu Technology has recently announced a 1-for-20 reverse stock split, which was approved by its board of directors. This move is aimed at regaining compliance with Nasdaq listing requirements, which the company had previously fallen short of. The reverse split will reduce the number of outstanding shares, potentially increasing the stock price per share and helping the company meet the minimum bid price requirement.
Additionally, meiwu technology has performed a 1-for-35 reverse split, further consolidating its share structure. This action is part of the company's efforts to enhance its financial stability and comply with regulatory standards. The fractional shares resulting from the split will be rounded up to the nearest whole share, ensuring a smooth transition for shareholders.
Ask Aime: What impact will Meiwu Technology's reverse stock split have on its stock price and compliance with Nasdaq listing requirements?
