- AGM Group Holdings Inc. (NASDAQ:AGMH) is set for a 50-for-1 reverse stock split to address its stock price and market compliance.
- The reverse split aims to help AGMH regain compliance with Nasdaq’s minimum bid price requirement.
- AGMH’s current stock price is $0.0706, with a market capitalization of approximately $7 million.
AGM Group Holdings Inc. (NASDAQ:AGMH) is a technology company specializing in high-performance hardware and computing equipment. The company is preparing for a reverse stock split on June 3, 2025, where shareholders will receive 1 share for every 50 shares they currently hold. This move is part of a strategic effort to address the company’s stock price and market compliance.
The board of directors approved the 50-for-1 share consolidation on May 9, 2025. This decision aims to help AGMH regain compliance with Nasdaq’s minimum bid price requirement, as highlighted by GlobeNewswire. The reverse split will adjust the trading of Class A ordinary shares, which will continue under the symbol “AGMH” but with a new CUSIP Number, G0132V121.
Currently, AGMH’s stock is priced at $0.0706, having decreased by 4.72% with a $0.0035 drop. The stock has seen a trading range today between $0.0658 and $0.0775. Over the past year, AGMH’s stock has fluctuated significantly, reaching a high of $2.19 and a low of $0.022, reflecting the volatility in its market performance.
AGMH’s market capitalization is approximately $7 million, with a trading volume of 22.2 million shares. The reverse stock split is expected to consolidate the number of shares, potentially increasing the stock price and stabilizing the market perception of the company. This move is crucial for AGMH to maintain its listing on the Nasdaq Capital Market.
