Agm group holdings inc. announces 50 for 1 share consolidation

Beijing, may 14, 2025 (globe newswire) -- agm group holdings inc. (“agm holdings” or the “company”) (nasdaq: agmh), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that the company's board of directors approved on may 9, 2025 that the ordinary shares of the company be consolidated on a 50 for 1 ratio. the effective date is scheduled to be june 3, 2025, subject to the company's satisfaction of nasdaq operations notice requirements, with trading of the company's class a ordinary shares to begin on a reverse-split-adjusted basis at the market open on that day. trading in the class a ordinary shares will continue on the nasdaq capital market, under the same symbol “agmh” but under a new cusip number, g0132v121.
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