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).
Share consolidation? It’s called a reverse split in trading circles. This will be right back to .10 in a month or two.
Was busy today and missed it...thx for the heads up...sold before close
Powerbridge Technologies Co., Ltd. Announces Share Consolidation
Maybe a rerun?
PH coming and then AH. See what it brings. $PBTS
All day in the red only to close it green before the close insiders are shaking the tree and scooping shares
Thinking the same at least some time this week..imo
Hate this stock...made some cash today but Chinese bs stock
Changed my mind and sold
Amazing .... amazingly horrible.
Fk these guys...glad I only own 500 Shrs
When the r/s took place?
I'm waiting for .50
$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
June 08 2023 - 07:00AM
PR Newswire (US)
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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,