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Investing.com -- Ostin Technology Group Co., Ltd. (NASDAQ:OST) stock dropped 10% following the company’s announcement of a planned 1-for-25 reverse share split. The China-based display modules and polarizers supplier revealed the split will take effect on August 5, 2025, with shares continuing to trade under the existing "OST" ticker symbol.
The reverse split, which was approved by shareholders at an extraordinary general meeting on July 17, 2025, will significantly reduce Ostin’s outstanding Class A ordinary shares from approximately 132.43 million to 5.29 million. As part of the restructuring, the company has also amended its Memorandum of Association to proportionately decrease the number of authorized shares and adjust the par value of post-split shares to $0.025 each.
Following the implementation, every twenty-five shares of Ostin’s issued and outstanding Class A ordinary shares will automatically be combined into one Class A ordinary share. The company noted that its shares will trade under a new CUSIP number G67927122 once the split takes effect.
Reverse stock splits are typically implemented to increase a company’s share price, often to maintain compliance with exchange listing requirements or to attract institutional investors who may have minimum price thresholds for investment consideration.
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