It tech packaging, inc. announces effectiveness of reverse stock split

Baoding, china , july 7, 2022 /prnewswire/ -- it tech packaging, inc. (nyse american: itp) ("it tech packaging" or the "company"), a leading manufacturer and distributor of diversified paper products in north china, announced today that, its 1-for-10  reverse stock split (the "reverse stock split"), which the company previously disclosed was approved by the board of directors on june 27, 2022 is effective as of 5:00pm est today on july 7, 2022 (the "effective date"), and will be reflected in the marketplace at market open on july 8, 2022. the reverse stock split, under applicable nevada law (nevada revised statutes ("nrs") section 78.207), proportionately adjusted both the company's (a) authorized shares of common stock; and (b) issued and outstanding shares of common stock.
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