Yunhong Green CTI Ltd. (YHGJ) surged 12.47% in after-hours trading following the announcement of a reverse stock split, as reported by GlobeNewswire. The company executed the corporate action, which typically aims to increase the stock price by reducing the number of shares outstanding, potentially enhancing liquidity and marketability. This move aligns with the stock’s after-hours rally, indicating investor optimism about the restructuring. While a prior earnings report noted improved quarterly losses, the reverse stock split is the most proximate catalyst for the recent price jump, as it directly addresses capital structure optimization.
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