Infobird Co., Ltd Announces 1-for-8 Share Consolidation and Capital Reduction
HONG KONG, Feb. 20, 2024 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ:IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions, today announced that the extraordinary general meetings of the shareholders held on February 20, 2024, at Room 706, 7/F, Low Block, Grand Millennium Plaza, 181 Queen's Road Central, Central, Hong Kong, approved the proposed 1-for-8 share consolidation of its ordinary shares of US$0.5 par value each (the "Share Consolidation") as well as capital reduction and share capital reorganization (the "Capital Reduction and Reorganization").
Beginning with the opening of tra