Infobird (NASDAQ: IFBD), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced that it plans to implement a 1-for-5 share consolidation of its ordinary shares, effective on May 15, 2023. According to the update, the company’s ordinary shares will begin trading, effective with market opening on May 15, on a post-share consolidation basis on the Nasdaq Capital Market. The ordinary shares will trade under the same symbol IFBD, but under a new CUSIP number of G47724110. The company’s objective of the share consolidation is to enable it 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/zrLFW
About Infobird Co. Ltd.
Infobird, headquartered in Beijing, China, 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
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