Zoomcar Holdings (ZCAR) said Wednesday it will implement a 1-for-20 reverse stock split, effective Friday.
The company said its shares will start trading on a reverse-split basis on March 24 under the same Nasdaq ticker symbol.
Zoomcar said the move will shrink its outstanding shares from about 14.2 million to roughly 710,000.
The company said the adjustment is meant to lift its share price and support compliance with Nasdaq's listing rules.
Shares of the company were down more than 28% in recent Thursday premarket activity.
Price: 0.22, Change: -0.087, Percent Change: -28.45
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。