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AGAPE ATP Corporation (NASDAQ:ATPC) ("Agape" or "the Company",) today announced the filing of a Certificate of Change with the Secretary of State of Nevada, effective on August 30, 2024, for a 1-for-20 reverse stock split of its shares of common stock, as disclosed in its filings with the Securities and Exchange Commission. The Company's common stock will begin trading on a split-adjusted basis when the market opens on August 30, 2024. The number of authorized shares of Agape common stock is reduced from 1,000,000,000 to 50,000,000.
The Company's shares of common stock will continue to trade on the NASDAQ under the symbol "ATPC" but will trade under a new CUSIP number. The reverse stock split is intended to increase the market price per share of the Company's common stock in order to comply with NASDAQ's continued listing standards relating to minimum price per share.
Posted In: ATPC
