China Auto Logistics announced that, as previously approved by stockholders at a Special Meeting of Stockholders held on September 4 it has filed a Certificate of Amendment to its Articles of Incorporation, as amended, to effect a 1-for-6 reverse stock split of its common stock that will become effective at the end of business. As a result of the reverse stock split, every six shares of the company's issued and outstanding common stock have been combined into one share of common stock. Any fraction of a share of common stock that would otherwise have resulted from the reverse stock split will be rounded up to the next whole share. There will be no change to the authorized shares of common stock of the company as a result of the reverse stock split. Trading of the company's common stock on The Nasdaq Global Market will continue, starting tomorrow.
- Investment & Company Information
- reverse stock split
- common stock