Jiuzi Holdings falls on plan for reverse stock split

Jiuzi Holdings

07/07/2023 13:13

** Shares of China-based new energy vehicles' retailer Jiuzi
Holdings Inc  JZXN.O  down 2.8% at $0.145 before the bell
    ** Co announces reverse stock split at a ratio of 1-for-18,
to be effective on or around the open of trading on July 10
    ** Reverse share split is intended to regain Nasdaq
compliance requirement of minimum bid price of $1 per share 
    ** JZXN shares up 27.35% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))