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SRIVARU Holding ( (SVMH) ) has issued an announcement.
SRIVARU Holding Limited announced a reverse share split at a 50-for-1 ratio to comply with Nasdaq’s minimum bid price requirement. This corporate action, effective January 15, 2025, aims to bolster the company’s stock market compliance and operational strategy, affecting authorized shares and stock options. The move reflects SRIVARU’s commitment to maintaining its Nasdaq listing and ensuring strategic growth in the electric motorcycle market.
More about SRIVARU Holding
SRIVARU Holding Limited is a Cayman Islands-based company, serving as the parent for SRIVARU Motor Private Ltd., which specializes in the design and manufacture of premium electric motorcycles in India. The company focuses on delivering affordable, innovative E2W vehicles with enhanced safety, performance features, and a superior total cost of ownership compared to traditional motorcycles.
YTD Price Performance: 1.67%
Average Trading Volume: 111,163,206
Technical Sentiment Consensus Rating: Hold
See more data about SVMH stock on TipRanks’ Stock Analysis page.
