ZK International Group Announces 1-for-7 Reverse Stock Split

Company Overview - ZK International Group Co., Ltd. is a leading engineering company based in China, focusing on high-performance steel products and innovative technologies for modern applications [7] - The company specializes in designing and implementing next-generation solutions through industrial, environmental, and software engineering, holding 28 patents and 21 trademarks [7] Recent Corporate Actions - The company announced a 1-for-7 reverse stock split approved by its Board of Directors on January 14, 2025, aimed at increasing the per share trading price to meet NASDAQ's minimum bid price requirement of $1.00 [1][5] - Following the reverse stock split, the number of issued and outstanding shares will decrease from 36,147,625 to approximately 5,163,946 [5] Trading Information - The adjusted ordinary shares will begin trading on NASDAQ under the existing symbol "ZKIN" starting January 31, 2025, with a new CUSIP number G9892K209 [2][5] - No fractional shares will be issued; any resulting fractional shares will be rounded up to the next whole number [3] Market Position and Opportunities - ZK International's core business includes engineering and manufacturing patented high-performance stainless steel and carbon steel pipe products, which are essential for delivering sustainable and safe drinking water [8] - The company is positioned to capitalize on the Chinese Government's $850 billion commitment to improve water quality, addressing the issue that 70% of water is unfit for human contact [8]