Tian Ruixiang Holdings Ltd (TIRX) has released an update.
Tian Ruixiang Holdings Ltd. has announced a share consolidation to meet Nasdaq’s minimum bid price requirement and avoid delisting. The shareholder-approved consolidation will convert every five existing Class A and Class B ordinary shares into one, effective on a specified date post-meeting. This strategic move will decrease the total number of issued and outstanding shares, ensuring compliance with Nasdaq’s Listing Rules.
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