other material
confidence high
sentiment neutral
materiality 0.55
Fuse Group Holding effects 1-for-5 reverse stock split, authorized shares cut to 75M
FUSE GROUP HOLDING INC.
- Reverse split effective Sept 19, 2024; authorized shares reduced from 375M to 75M.
- Fractional shares rounded up; shareholder percentage ownership unchanged except for rounding.
- Stock will trade on OTC Markets on split-adjusted basis starting Sept 24, 2024.
- New CUSIP number for post-split common stock is 36116W302.
- Board approved on July 10, 2024; no shareholder vote required under Nevada law.