Ostin Technology Group (OST) said Tuesday it will implement a 1-for-10 reverse split of its class A shares effective Dec. 31 instead of the previously planned Dec. 26.
The reverse split is part of the company's bid to regain compliance with Nasdaq's $1 minimum bid price requirement for continued listing, it said.
Ostin Technology shares were down more than 9% in recent trading.
Price: 0.17, Change: -0.02, Percent Change: -9.44
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