IT Tech Packaging, Inc. Announces 1-for-40 Reverse Stock Split

IT Tech Packaging, Inc. announced that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share, at a ratio of 1-for-40. The reverse stock split is expected to become effective on November 20, 2026, and the shares are expected to begin trading on a split-adjusted basis on the NYSE American under the Company’s existing trading symbol “ITP” on November 23, 2026, subject to NYSE American’s approval.

As a result of the Certificate of Change, the number of shares of the Company’s authorized Common Stock will be reduced from 50,000,000 shares to 1,250,000 shares, and the number of issued and outstanding shares of Common Stock will be correspondingly decreased from approximately 19,965,420 shares to approximately 499,136 shares, subject to adjustment for the rounding up of fractional shares. The Company will issue one whole share of post-Reverse Stock Split Common Stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split.

The Reverse Stock Split is primarily being effected to regain compliance with certain NYSE American continued listing standards related to the low price per share of the Company’s Common Stock. Immediately after the split, each stockholder’s percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares.

View the company filing on SEC.gov

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This story originally appeared on Fintel.