IT Tech Packaging announces 1-for-40 reverse stock split
ITP•ITP•ITP•ITP•IT Tech Packaging plans a 1-for-40 reverse stock split expected to take effect Nov. 20, 2026, subject to exchange approval. Outstanding common shares are expected to fall from approximately 19,965,420 to 499,136 as the company seeks to regain compliance with NYSE American listing standards.
IT Tech Packaging plans a 1-for-40 reverse stock split of its common stock, expected to take effect Nov. 20, 2026. Split-adjusted trading on NYSE American is expected to begin Nov. 23 under the existing symbol ITP, subject to exchange approval. Outstanding common shares will decrease from approximately 19,965,420 to 499,136, with fractional shares rounded up; authorized common shares will fall from 50 million to 1.25 million. The company said the split aims to regain compliance with NYSE American continued listing standards related to its stock’s low share price.
