Jingbo Technology effects 1-for-200 reverse stock split, reduces authorized shares to 50M

Jingbo Technology, Inc.

Reverse stock split at 1-for-200 ratio, effective Feb 9, 2024.
Authorized shares reduced from 10B to 50M; outstanding reduced to ~5.3M shares.
Company also completed name change to Jingbo Technology from Savmobi Technology.
Ticker symbol temporarily changes to SVMBD for 20 business days from Feb 9.
No fractional shares; fractional shares rounded up; no change in par value.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jingbo Technology, Inc.: Reduction of authorized common stock from 10,000,000,000 to 50,000,000 shares and reverse stock split at a 1-for-200 ratio (effective 2024-02-05).

Change: charter amendment
Effective: 2024-02-05

Exact text from the filing

the number of shares of the Company’s authorized Common Stock was reduced from 10,000,000,000 shares to 50,000,000 shares and the issued and outstanding number of shares of the Company’s Common Stock was correspondingly decreased to 5,309,500.

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Jingbo Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-005489

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