BitMine Immersion Technologies, Inc. announced a 1-for-20 reverse split of its common stock. This corporate action became effective on Friday, May 16, 2025, at 9:00 a.m.
The reverse stock split reduces the number of outstanding shares while proportionally increasing the share price. This move is often implemented to meet minimum price requirements for stock exchanges or to enhance the stock's appeal to a broader investor base.
Shareholders do not need to take any action in connection with the reverse split, as their holdings will be automatically adjusted. The company's overall market capitalization remains unchanged immediately following the split.
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