Bon Natural Life ( (BON) ) just unveiled an update.
Bon Natural Life Limited announced a pending share consolidation and increase in authorized shares, subject to shareholder approval. The company plans a reverse split of its Class A ordinary shares at a 1-for-25 ratio, which will significantly alter the voting power dynamics, reducing Class A shareholders’ voting power to 1% and increasing Class B shareholders’ control to 99%. An extraordinary general meeting is scheduled for April 15, 2025, to seek shareholder approval for these changes, which include amendments to the company’s memorandum and articles of association.
More about Bon Natural Life
Bon Natural Life Limited operates in the natural products industry, focusing on the development and production of natural health and wellness products. The company is based in Xi’an, Shaanxi, China, and is involved in the creation of products that cater to the growing demand for natural and health-oriented consumer goods.
YTD Price Performance: -95.74%
Average Trading Volume: 11,942,621
Technical Sentiment Signal: Strong Buy
Current Market Cap: $242.7K
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