Breaking News: Ostin Technology Group Announces Change in Reverse Share Split Date!

Nanjing, China, Dec. 24, 2024 (GLOBE NEWSWIRE) — Ostin Technology Group Co., Ltd. (“the Company”) (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, today announced an update to the effective date of its previously approved reverse share split of the Company’s Class A ordinary shares, with the split ratio set at 1-for-10 (the “Reverse Share Split”).

The Reverse Share Split

The Reverse Share Split was approved by the Company’s shareholders at an extraordinary general meeting held on November 25, 2024. The effective date for the Reverse Share Split has been revised from December 26, 2024, to December 31, 2024, and the Company’s Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on December 31, 2024, under the existing ticker symbol “OST.” The new CUSIP number for the Company’s Class A ordinary shares will be G67927114.

As a shareholder of Ostin Technology Group, this change in the reverse share split date can have a direct impact on your investment. It is essential to stay informed about these developments and how they may affect the value of your shares.

On a broader scale, the world of finance and investment will also take note of this update from Ostin Technology Group. Changes in share split dates for a company can signal strategic shifts or adjustments in financial health, which could influence market trends and investor sentiment.

Conclusion

In conclusion, the revised effective date of the reverse share split by Ostin Technology Group marks a significant development for the company and its shareholders. It is crucial for investors to stay updated on such announcements and understand the implications for their investment portfolios. Additionally, the broader financial community will be watching closely to gauge the impact of this change on the market and industry trends.