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U Power announces 1-for-100 reverse-split (NASDAQ:UCAR)

March 29, 2024
in Business
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U Power (NASDAQ:UCAR) shareholders approved the proposal for a 1-for-100 reverse share split shares.
No fractional shares will be issued in connection with the share Consolidation and all fractional shares resulting from the share Consolidation will be rounded up to the whole number of shares.
At the opening of trading on April 3rd, 2024, the company\’s ordinary shares will begin trading on a post-share consolidation basis.
The stock price climbed 9% on Thursday during after-hours of trading on Thursday.



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