other_material
confidence high
sentiment neutral
materiality 0.60
1-for-6 reverse stock split effective Aug 28, 2025 to enable uplist to national exchange
CitroTech Inc.
- Reverse split at 1-for-6 ratio approved by FINRA; effective 4:05 pm ET Aug 27, trading on split-adjusted basis begins Aug 28.
- Common shares outstanding reduced from ~87.55M to ~14.59M; proportional adjustments to convertible securities.
- Temporary ticker GEVID for 20 business days, then reverts to GEVI; new CUSIP 369759204.
- CEO Ted Ralston states split positions company for uplisting to NYSE American, aims to attract institutional investors.
- Par value remains $0.0001; fractional shares rounded up to whole share.
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