AGAPE ATP Corporation Announces Reverse Stock Split
AGAPE ATP Corporation (NASDAQ: ATPC) has filed a Certificate of Change with the Secretary of State of Nevada to implement a 1-for-20 reverse stock split of its common stock. This change will take effect on August 30, and the Company has shared the details in its filings with the Securities and Exchange Commission. After the split, the common stock will commence trading on a split-adjusted basis as soon as the market opens on the effective date.
The total number of authorized shares for Agape ATP Corporation’s common stock will decrease from 1,000,000,000 to 50,000,000 shares. This strategic decision aims to boost the market price per share, helping the Company to meet NASDAQ's ongoing listing requirements related to minimum price thresholds.
Implications of the Stock Split
Following the reverse stock split, Agape ATP Corporation’s shares will continue to trade under the NASDAQ symbol “ATPC.” However, there will be a new CUSIP number assigned to the shares after the split. This adjustment is part of the Company’s efforts to maintain its market presence and ensure compliance with regulatory standards.
Company Overview and Business Areas
Agape ATP Corporation (ATPC) is dedicated to improving quality of life while promoting sustainable development through two primary operational pillars. The Company focuses on providing health and wellness products that cater to the diverse needs of its customers, thereby enhancing their well-being and vitality. Additionally, Agape ATP is known for its innovative energy-saving solutions, which enable businesses to effectively implement sustainability initiatives, reduce energy consumption, and achieve their environmental objectives.
Agape ATP Corporation's commitment to sustainability and customer welfare underscores its mission to make a positive impact on society and the environment.
Contact Information
If you have any questions about the reverse stock split or would like more information about Agape ATP Corporation, please reach out to Swan Consultancy Sdn. Bhd., the Company’s representative:
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 being conducted to raise the market price per share and to adhere to 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 unchanged; however, the shares will be assigned a new CUSIP number following the split.
What are the main business areas of AGAPE ATP Corporation?
AGAPE ATP Corporation specializes in health and wellness products and offers energy-saving solutions to support sustainability in businesses.
Who can be contacted for more information regarding AGAPE ATP Corporation?
For further inquiries, you can contact Jazzmin Wan or Mandy Tan using the provided email addresses and phone numbers.
