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materiality 0.50
China Pharma Holdings announces 1-for-10 reverse stock split effective March 6, 2023
CHINA PHARMA HOLDINGS, INC.
- Reverse stock split at 1-for-10 ratio, effective March 6, 2023, trading begins on split-adjusted basis at market open.
- Every 10 existing shares convert into 1 share; fractional shares rounded up to whole number.
- Approved by Board and stockholders at Annual Meeting on December 27, 2022.
- Trading symbol remains 'CPHI' on NYSE American; new CUSIP number 16941T-203.
- Reverse stock split does not alter any stockholder's percentage interest except for fractional share adjustments.