Luokung Technology Announces Share Consolidation

Luokung Technology (LKCO) has released an update.

Luokung Technology Corp. has announced a share combination at an 8-to-1 ratio, scheduled for September 17, 2024, which will be effective at market open on the NASDAQ Capital Market under the ticker ‘LKCO’. This restructuring will convert every eight existing shares into one new share without altering shareholders’ relative ownership percentages, except for minor adjustments due to fractional shares being rounded up. The company’s total authorized shares will remain at 1 billion with a revised par value of $0.0001 per share post-combination.

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