AGAPE ATP Corporation Announces Reverse Stock Split
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AGAPE ATP Corporation Announces Reverse Stock Split
AGAPE ATP Corporation (NASDAQ: ATPC) has announced the filing of a Certificate of Change with the Secretary of State of Nevada for a 1-for-20 reverse stock split of its shares of common stock. This action is effective on August 30, and the Company has disclosed these changes in its filings with the Securities and Exchange Commission. Following this split, the common stock will begin trading on a split-adjusted basis when the market opens on the effective date.
The previous number of authorized shares for Agape ATP Corporation’s common stock of 1,000,000,000 will be reduced to 50,000,000 shares. This strategic move is designed to increase the market price per share of the Company’s stock in order to meet NASDAQ's continued listing standards regarding minimum price thresholds.
Implications of the Stock Split
With the implementation of the reverse stock split, the shares of Agape ATP Corporation will continue trading under the NASDAQ symbol “ATPC.” However, there will be a new CUSIP number for the shares post-split. The Company aims to uphold its market presence and continue compliance with regulatory requirements by this adjustment.
Company Overview and Business Areas
Agape ATP Corporation (ATPC) is actively committed to enhancing quality of life while advocating for sustainable development through two major operational pillars. The Company specializes in delivering health and wellness products that meet the varied needs of its customers, thus promoting their well-being and vitality. Additionally, Agape ATP is recognized for its innovative energy-saving solutions. These solutions empower businesses to implement sustainability initiatives effectively, cutting down energy consumption while achieving their environmental goals.
The dedication of Agape ATP Corporation to sustainability and customer welfare reflects the Company’s overarching mission to contribute positively to society and the environment.
Contact Information
For any inquiries regarding the reverse stock split or further information about Agape ATP Corporation, interested parties may contact Swan Consultancy Sdn. Bhd., the firm representing the Company:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz
Mandy Tan
Tel: +60 16-477 2257
Email: m.tan@swanconsultancy.biz
Frequently Asked Questions
What is the reason for the reverse stock split by AGAPE ATP Corporation?
The reverse stock split is implemented to increase the market price per share and to comply with NASDAQ listing standards.
When will the reverse stock split become effective?
The reverse stock split will take effect on August 30.
How will the stock symbol of AGAPE ATP Corporation change after the split?
The stock symbol “ATPC” will remain the same; however, the shares will have a new CUSIP number post-split.
What are the main business areas of AGAPE ATP Corporation?
AGAPE ATP Corporation focuses on health and wellness products and provides energy-saving solutions to promote sustainability within businesses.
Who can be contacted for more information regarding AGAPE ATP Corporation?
Jazzmin Wan and Mandy Tan can be contacted through the provided email addresses and phone numbers for further inquiries.
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