InvestorNewsBreaks – Infobird Co. Ltd. (NASDAQ: IFBD) Announces Share Consolidation, Increase of Authorized Share Capital

Infobird (NASDAQ: IFBD) is a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions. The company today announced that the annual general meeting of the shareholders held on Wednesday, Nov. 15, 2023, approved the proposed 1-for-20 share consolidation of its ordinary shares of US$0.025 par value each (the “share consolidation”) and increase of the company’s authorized share capital (the “increase of authorized shares”) immediately after the share consolidation takes effect. Effective with the opening of trading on Nov. 20, 2023, the company’s ordinary shares will begin trading on a post-share consolidation basis on the Nasdaq Capital Market under the same symbol, IFBD, but under a new CUSIP number of G47724128. The objective of the share consolidation is to enable Infobird to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.

To view the full press release, visit https://ibn.fm/pQao1

About Infobird Co. Ltd.

Infobird is a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions. For more information, visit Infobird’s website at www.Infobird.com.

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.