Tian Ruixiang Holdings Ltd (TIRX) has released an update.
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Tian Ruixiang Holdings Ltd. has announced a share consolidation to meet Nasdaq’s minimum bid price requirement and avoid delisting. The shareholder-approved consolidation will convert every five existing Class A and Class B ordinary shares into one, effective on a specified date post-meeting. This strategic move will decrease the total number of issued and outstanding shares, ensuring compliance with Nasdaq’s Listing Rules.
For further insights into TIRX stock, check out TipRanks’ Stock Analysis page.
