Northann Corp. enacts 1-for-8 reverse stock split, shares to trade on split-adjusted basis
NeutralFinancial Markets

Northann Corp. has implemented a 1-for-8 reverse stock split, meaning that for every eight shares a shareholder owns, they will now have one share. This adjustment is intended to increase the stock price and improve the company's market perception. While reverse splits can sometimes signal underlying issues, they can also help companies meet listing requirements and attract new investors. It's an important move for Northann Corp. as it navigates its position in the market.
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