Fubotv earnings beat by $0.10, revenue topped estimates
XI’AN, China - Smart Powerr Corp. (NASDAQ:CREG), currently trading at $0.23 with a market capitalization of $5.79 million, announced Wednesday it will implement a 1-for-10 reverse stock split of its common stock, primarily to maintain compliance with Nasdaq Capital Market’s minimum bid price requirement.
The reverse split will take effect after market close on July 17, 2025, with the stock beginning to trade on a post-split basis on July 18. The company’s ticker symbol will remain "CREG" while its CUSIP number will change to 168913408. According to InvestingPro analysis, the stock is currently trading below its Fair Value, suggesting potential upside opportunity despite its 77% decline over the past year.
Following the split, every ten shares of issued and outstanding common stock will be combined into one share, with fractional shares rounded up to the next full share. This adjustment will reduce Smart Powerr’s total outstanding shares from approximately 25.3 million to 2.53 million.
The company stated that the split will affect all issued and outstanding common shares, as well as shares available under outstanding stock options and warrants. Exercise prices for stock options and warrants will be correspondingly increased.
Smart Powerr noted that the reverse split will not alter any stockholder’s percentage interest in the company’s equity, except for minor adjustments due to the rounding of fractional shares.
Based in Xi’an, China, Smart Powerr Corp. specializes in waste energy recycling and develops energy efficiency solutions for energy-intensive industries in China. The company uses a Build-Operate-Transfer model to provide energy saving and recovery facilities, particularly for nonferrous metal plants. Financial data from InvestingPro shows the company maintains impressive gross profit margins of 43% and a strong current ratio of 9.96, indicating solid short-term liquidity. InvestingPro subscribers have access to 15+ additional key insights about CREG’s financial health and market position.
The information in this article is based on a company press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.