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IT Tech Packaging Announces 1-for-40 Reverse Stock Split

PUBT·11/11/2026 17:32:09
IT Tech Packaging Announces 1-for-40 Reverse Stock Split
  • IT Tech Packaging plans a 1-for-40 reverse stock split of its common stock, expected to take effect Nov. 20, 2026.
  • Split-adjusted trading on NYSE American is expected to begin Nov. 23, 2026, under the existing symbol ITP, subject to exchange approval.
  • Outstanding common shares will decrease from approximately 19,965,420 to 499,136, subject to rounding up fractional shares.
  • Authorized common shares will fall from 50,000,000 to 1,250,000.
  • The reverse split aims to regain compliance with NYSE American continued listing standards related to the stock's low share price.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IT Tech Packaging Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611111230PR_NEWS_USPR_____CN95383) on November 11, 2026, and is solely responsible for the information contained therein.