other material
confidence high
sentiment neutral
materiality 0.60
IT Tech Packaging announces 1-for-10 reverse stock split to regain NYSE American compliance
IT TECH PACKAGING, INC.
- 1-for-10 reverse stock split effective July 7, 2022; split-adjusted trading begins July 8, 2022 under ticker ITP.
- Authorized shares reduced from 500M to 50M; issued and outstanding reduced proportionally.
- No fractional shares; rounding up to nearest whole share; par value unchanged at $0.001.
- Split primarily intended to regain compliance with NYSE American continued listing standards due to low share price.
- Stockholders holding electronically need no action; paper certificates may be exchanged with transfer agent Empire Stock Transfer.