$NFT Ltd (MI.US)$ NEWS NFT (NYSE American: MI) announces a 1...
NEWS
NFT (NYSE American: MI) announces a 1 for 50 reverse split of its Class A and Class B ordinary shares, effective around April 12, 2024. The Reverse Split aims to boost the price per share by approximately fifty times, with the Class A ordinary shares trading on a split-adjusted basis. NFT's Articles and Memorandum of Association were amended in connection with the Reverse Split. Shareholders will receive new ordinary shares in exchange for their existing shares, and stock options, restricted shares, and equity incentive plans will be adjusted accordingly.
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