Ebang International (EBON) to Effect 1-for-30 Reverse Stock Split

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Ebang International Holdings Inc. to Effect Reverse Stock Split

November 21, 2022 9:00 AM EST

HANGZHOU, China, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the Company, we or our), a global blockchain technology company, today announced that the Companys shareholders have approved the 1-for-30 reverse split of its issued and outstanding ordinary shares (the "Reverse Stock Split") at the Companys extraordinary general meeting on November 20, 2022 at 8:00 a.m. (Singapore Time). The Reverse Stock Split will become effective after the close of trading day on Monday, November 21, 2022 (the "Effective Date"), which will help ensure that the Companys Class A ordinary shares will continue to be listed on The Nasdaq Global Select... More