- Li Bang International (LBGJ) said it will implement a 1-for-200 reverse stock split, with shares set to begin trading on a split-adjusted basis on the Nasdaq Capital Market on August 3.
- Following the reverse split, the company’s authorized share capital will consist of 15.75M Class A ordinary shares and 1.75M Class B ordinary shares, each with a par value of $0.002.
- The stock price dropped ~23% on Wednesday after market trade.
