Happiness Development Adopts 1:20 Reverse Share Split - Happiness Development Gro (NASDAQ:HAPP)


  • Happiness Development Group Ltd (NASDAQ: HAPP) shareholders approved a 1 for 20 reverse split of ordinary shares.
  • Consequently, Happiness Development’s shareholders will receive one new ordinary share of the company for every twenty shares they hold.
  • The company’s ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on Oct. 11.
  • The reverse share split is expected to lead the company’s Class A ordinary shares to trade at about twenty times the price per share it trades prior to the effectiveness of the reverse share split. 
  • Price Action: HAPP shares are trading lower by 6.00% at $0.14 in premarket on the last check Monday.


Image and article originally from www.benzinga.com. Read the original article here.