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.
Read more at prnewswire.comPowerbridge Technologies Co., Ltd. Announces Share Consolidation
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