Microalgo, Inc. (MLGO) has released an update.
MicroAlgo Inc. has successfully conducted its 2024 Extraordinary General Meeting, resulting in a shareholder-approved reverse stock split. The consolidation will transform every ten existing shares into one, aiming to meet NASDAQ’s minimum share price requirement for continued listing. Trading on a split-adjusted basis will commence on March 22, 2024, with adjustments made to the exercise price of the company’s warrants.
For further insights into MLGO stock, check out TipRanks’ Stock Analysis page.
