Golden Sun Education Group Limited Class A (GSUN) has released an update.
Golden Sun Health Technology Group Limited has announced a share consolidation to meet Nasdaq’s minimum bid price requirement and reduce delisting risk. The consolidation, effective April 18, 2024, will convert every ten shares into one, maintaining the company’s authorized share capital but reducing the number of outstanding shares. The adjustment aims to comply with Nasdaq’s rules by May 16, 2024, and will automatically update in shareholders’ brokerage accounts.
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