AGM Group Holdings announces 50 for 1 share consolidation

AGM Group Holdings (AGMH)announced that the company’s board of directors approved on May 9 that the ordinary shares of the company be consolidated on a 50 for 1 ratio. The effective date is scheduled to be June 3, 2025, subject to the company’s satisfaction of Nasdaq Operations notice requirements, with trading of the company’s Class A ordinary shares to begin on a reverse-split-adjusted basis at the market open on that day. The objective of the share consolidation is to enable the company to regain compliance with the minimum bid price requirement pursuant to Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.