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Yunhong Green CTI Ltd. Announces Execution of Reverse Stock Split
Globenewswireยท 2025-09-26 19:55
Core Viewpoint - Yunhong Green CTI Ltd. will implement a 1-for-10 reverse stock split effective October 1, 2025, following approval from its Board of Directors and stockholders [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 27,788,626 to about 2,778,862 [3]. - Every 10 shares of common stock will be reclassified into one share, with no fractional shares issued; instead, holders will receive cash payments for any fractional shares [3]. - The common stock will begin trading on a split-adjusted basis under the same symbol (YHGJ) at around 9 a.m. Eastern Time on the effective date [2]. Group 2: Administrative Aspects - Equiniti Trust Company, LLC will act as the exchange agent for the reverse stock split, and registered stockholders will not need to take action to receive post-split shares [4]. - Stockholders holding shares through brokers or similar organizations will have their positions automatically adjusted without needing to take any action [4]. Group 3: Company Overview - Yunhong Green CTI Ltd. is a leading manufacturer of custom film products, foil novelty balloons, and flexible packaging products, distributing its products throughout the United States [6].