Nisun international enterprise development group co., ltd announces 1-for-10 common share consolidation

Shanghai , may 17, 2023 /prnewswire/ -- nisun international enterprise development group co., ltd ("nisun" or the "company") (nasdaq: nisn) announced today that the company's board of directors approved on may 2, 2023 to effect a share consolidation of the company's common shares at the ratio of one-for-ten with the market effective date of may 18, 2023. the objective of the share consolidation is to enable the company to regain compliance with nasdaq marketplace rule 5550(a)(2) and maintain its listing on nasdaq.
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