SplitJun 26, 2026, 06:21 AM
Greenpro Capital Approves 1-for-10 Reverse Stock Split
AI Summary
Greenpro Capital Corp. announced that its Board of Directors and stockholders approved a 1-for-10 reverse stock split of its common stock on June 18, 2026. The approval was granted by stockholders representing approximately 60.97% of the company's voting power. The primary goal of the reverse split is to increase the per share trading price of its Common Stock and address negative perceptions associated with low-priced securities. The company anticipates completing the reverse stock split on or about July 26, 2026, subject to regulatory and exchange processes.
Key Highlights
- Board and stockholders approved a 1-for-10 reverse stock split on June 18, 2026.
- Stockholders holding approximately 60.97% of voting power approved the split.
- Primary reason is to increase the per share trading price of Common Stock.
- Aims to address negative perceptions associated with low-priced securities.
- Expected completion on or about July 26, 2026, pending regulatory processes.
- Fractional shares will be rounded up to one whole share.
- The split will not change any holder's percentage of ownership interest.
- Authorized but unissued shares will increase, with no present anti-takeover plan.
Price Impact
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