CN Energy Group Inc. Implements 1-for-25 Reverse Stock Split to Regain Nasdaq Compliance
CN Energy Group Inc. has executed a 1-for-25 reverse stock split for its Class A ordinary shares, effective May 19, 2025, to comply with Nasdaq's minimum bid price requirements. This action reduces the outstanding shares from 75.28 million to about 3.01 million, while shares will continue trading under the symbol "CNEY" with a new CUSIP number G2181K204.
CN Energy Group Inc. (NASDAQ: CNEY) has implemented a 1-for-25 reverse stock split for its Class A ordinary shares, effective May 19, 2025. This move aims to increase the market price per share to meet Nasdaq Capital Market's minimum bid price requirements. Post-split, the number of outstanding shares has been reduced from 75.28 million to approximately 3.01 million. The shares continue to trade under the symbol "CNEY" with a new CUSIP number G2181K204.
