Asset Entities Inc. Announces Reverse Stock Split to Regain Compliance with Nasdaq's Minimum Bid Price

Core Viewpoint - Asset Entities Inc. announced a 1-for-5 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement for continued listing [2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 5 shares of the Company's common stock into one share, affecting both Class A and Class B common stock [3]. - Following the reverse stock split, the number of authorized shares will be reduced from 10,000,000 and 190,000,000 for Class A and Class B common stock to 2,000,000 and 38,000,000, respectively [3]. - The Class B Common Stock will continue to trade under the symbol "ASST" on Nasdaq, with trading on a split-adjusted basis starting July 2, 2024 [1][3]. Group 2: Company Overview - Asset Entities Inc. specializes in digital marketing and content delivery services across various social media platforms, including Discord, TikTok, and Instagram [5]. - The company is recognized as the first publicly traded entity based on the Discord platform, hosting significant community-based education and entertainment servers [5]. - Asset Entities offers a suite of services for the design, development, and management of Discord community servers, and has partnerships with businesses and celebrities [5].