Agape ATP to Implement 1-for-20 Reverse Stock Split

10:01 AM EDT, 08/28/2024 (MT Newswires) -- Agape ATP (ATPC) said Wednesday that it will implement a 1-for-20 reverse stock split of its outstanding common shares on Aug. 30 in a bid to increase the shares' market price and regain compliance with Nasdaq's continued listing requirements.

The company said the reverse stock split will reduce its authorized shares to 50 million from 1 billion with shares expected to trade on a split-adjusted basis from Aug. 30.

Shares of Agape ATP were down more than 21% in recent trading.

Price: 0.09, Change: -0.03, Percent Change: -21.27