AGM Group Holdings Inc. Announces Effective Date of 50 for 1 Share Consolidation

Core Viewpoint - AGM Group Holdings Inc. announced a consolidation of its ordinary shares, reducing the number of shares significantly while maintaining the overall ownership percentage for shareholders [1][2][3]. Share Consolidation Details - The consolidation will convert 50 pre-consolidation shares into one post-consolidation share, resulting in approximately 1,974,279 Class A shares and 42,000 Class B shares [1][2]. - The par value of Class A shares will increase from US$0.001 to US$0.05, and Class B shares will also see a similar increase [2]. Fractional Shares and Cash Payments - No fractional shares will be issued; any resulting fractions will be rounded down, and shareholders will receive a cash payment based on the average closing prices of the shares prior to the consolidation [3]. - This cash payment will be calculated without interest and will be based on the average closing sales prices over the five trading days before the first trading day of the consolidation [3]. Trading Information - Post-consolidation trading will continue on the Nasdaq Capital Market under the same symbol "AGMH," but with a new CUSIP Number, G0132V121 [4]. - Registered shareholders will need to exchange their pre-consolidation share certificates for new ones through the company's transfer agent [5]. Company Overview - AGM Group Holdings Inc. specializes in high-performance hardware and computing equipment, focusing on blockchain-oriented ASIC chips and high-end crypto miners for Bitcoin and other cryptocurrencies [6].