Powerbridge Technologies Co Ltd (PBTS)

[INV4]

I posted the news/link and copied the headline of the article. But yes, it's a reverse split.
(By the way I don't own shares here). I just posted the news because of a post from Arnold25764 (post#: 730).

Anyone see any news on an r/s?

Powerbridge Technologies Co., Ltd. Announces Share Consolidation

September 21, 2023

ZHUHAI, China, Sept. 21, 2023 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (the "Company") (NASDAQ: PBTS) today announced that it will effect a share consolidation of its ordinary shares at a ratio of 1-for-8, effective as of 5:00 p.m. Eastern Time on September 21, 2023 (the "Share Consolidation"). The Company's ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session at 4:00 a.m. Eastern Time on September 22, 2023. Upon the opening of the market session on September 22, 2023, the Company's ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol "PBTS" with the new CUSIP number G72007126.

As a result of the Share Consolidation, every eight shares of the Company's ordinary shares will be automatically consolidated into one ordinary share. The Share Consolidation will not modify any rights of the ordinary shares of the Company. No fractional shares will be issued in connection with the Share Consolidation, all such fractional shares shall be redeemed in cash for the fair value of such fractional share, which is based on the closing price of the ordinary shares on a post-consolidation basis on The Nasdaq Capital Market on the first trading date of the ordinary shares following the Share Consolidation.

About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a global provider of technology solutions and services across multiple industries. The Company is engaged in four segments of business: global trade digital platform and services, agritech and agribusiness solutions, integrated renewable energy and agribusiness solutions, and crypto equipment trading and cryptomining operations.

Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or other similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
Email: [e-mail]
Website: www.powerbridge.com/ir/

Cision View original content:https://www.prnewswire.com/news-releases/powerbridge-technologies-co-ltd-announces-share-consolidation-301934293.html

SOURCE Powerbridge Technologies Co., Ltd.

$PBTS

[BeachBum]

Share consolidation? It’s called a reverse split in trading circles. This will be right back to .10 in a month or two.

[Sirpeter]

Was busy today and missed it...thx for the heads up...sold before close

[INV4]

Powerbridge Technologies Co., Ltd. Announces Share Consolidation

https://ih.advfn.com/stock-market/NASDAQ/powerbridge-technologies-PBTS/stock-news/92091404/powerbridge-technologies-co-ltd-announces-share

[Arnold25764]

Anyone see any news on an r/s?

[Sirpeter]

Maybe a rerun?

[Arnold25764]

PH coming and then AH. See what it brings. $PBTS

[Sirpeter]

Have been here for quite a while waiting for some news...finally got it

[Sirpeter]

Yup moving up every day

[RammageRaul]

Breaking out
PBTS

[Arnold25764]

$PBTS on close watch.

[RammageRaul]

All day in the red only to close it green before the close insiders are shaking the tree and scooping shares
PBTS

[SidewaysTrader]

What was all the volume about a few days back?

[declaes]

PBTS becoming a traders dream... weee

[Sirpeter]

Glad I added again yesterday...changed my mind twice on this play lol

[Arnold25764]

.10 cents this week?

[CarlCarlMcB]

Weeeeeee$ XI

[Tom turtles]

Good call....

[Arnold25764]

Thinking the same at least some time this week..imo

[Tom turtles]

Hate this stock...made some cash today but Chinese bs stock

[TheOTCstocksGuy]

all the way! Teens will be back tomorrow

[Arnold25764]

Pump n dump today?

[Sirpeter]

Changed my mind and sold

[hondaboost]

PBTS, 0.40, good run. Bought tons at $0.18 this morning.

[declaes]

Selling half at 34 for a 100% gain over the weekend... nice, riding free shares for tomorrow.

[declaes]

$PBTS has become the flippers stock. I hope you all bought under 0.2... let's see how far we her this time.

[Tom turtles]

Amazing .... amazingly horrible.

[Sirpeter]

Fk these guys...glad I only own 500 Shrs

[Milrya16]

Shareholders voting soon on another 8 to 1 reverse split. Yikes. Going from bad to worse here.

[Sirpeter]

I'm buying...this s/b $5+ now

[Milrya16]

Look out below!!!!!!

[Milrya16]

Omg timberrrrrr

[Monksdream]

PBTS new 52 week low

[RammageRaul]

When the r/s took place?

[Sirpeter]

Got it ...thx

[BeachBum]

It was also oversold sub.10 before the reverse split to remain NASDAQ compliant.

[Monksdream]

PBTS new 52 weew low

[Monksdream]

PBTS new 52 week low

[Sirpeter]

Silly oversold now

[Sirpeter]

Ok... will wait for that then

[Milrya16]

25 seems in the near future

[Milrya16]

Why such a hard downtrend?

[Sirpeter]

I'm waiting for .50

[Monksdream]

PBTS new 52 week low

[Monksdream]

PBTS new 52 week low

[peanutz]

Lot of research today . Going to take a starter Tuesday at open or at the 10:30 dip . Looking for a good AI company and they check all the boxes I look for !:)

[QuicKtip]

$PBTS Analyst Target 550% Upside https://mailchi.mp/tradersnewssource/this-weeks-plan-market-recap-651864?e=[UNIQID]

[TheOTCstocksGuy]

Trash!

[QuicKtip]

$PBTS News! Powerbridge Technologies Strengthens Collaboration with Prominent Phone Manufacturer to Drive Digital Trade Advancements https://finance.yahoo.com/news/powerbridge-technologies-strengthens-collaboration-prominent-130000059.html

[Crumbster]

June 08 2023 - 07:00AM
PR Newswire (US)
Alert
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ZHUHAI, China, June 8, 2023 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (the "Company" or "Powerbridge"), a provider of multi-industry technology solutions, today announced the closing of its 1-for-30 share consolidation of its ordinary shares (the "Share Consolidation") effective immediately after the close of trading on Nasdaq Capital Market on June 8, 2023, and the Company's ordinary shares are expected to begin trading on a post-consolidation basis at the open of trading on June 9, 2023. At market open on June 9, 2023, the Company's ordinary share will continue to be traded on the Nasdaq Capital Market under the symbol "PBTS" with the new CUSIP number G72007118. The Company undertook the Share Consolidation to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the $1.00 per share minimum price bid requirement for continued listing on the Nasdaq Capital Market.

As a result of the Share Consolidation, every thirty shares of the Company's issued and outstanding ordinary shares will be automatically consolidated into one new ordinary share. The Share Consolidation will not modify any rights of the ordinary shares of the Company. No fractional shares will be issued in connection with the Share Consolidation, all such fractional shares shall be redeemed in cash for the fair value of such fractional share, which is based on the closing price of the ordinary shares on a post-consolidation basis on the Nasdaq Capital Market on the first trading date of the ordinary shares following the Share Consolidation.

Additional information about the Share Consolidation can be found in Powerbridge's definitive proxy statement filed with the U.S. Securities and Exchange Commission (the "SEC") on April 25, 2023, which is available free of charge at the SEC's website, www.sec.gov, and on Powerbridge's Investor Relations website at https://www.powerbridge.com/ir/.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading provider of multi-industry technology solutions. The Company offers software and platform applications, IoT platform services and intelligent devices, supply chain platforms and interactive media services, metaverse and digital services,