UTStarcom Announces Date for Extraordinary General Meeting to Approve Reverse Share Split
HANGZHOU, China, May 18, 2022 (GLOBE NEWSWIRE) -- UTStarcom ("UT" or the "Company") (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that it will hold an extraordinary general meeting of its shareholders (the "EGM") on Monday, June 27, 2022, at 2:00 p.m. China Standard Time, to seek approval for a one-for-four reverse share split. UTStarcom's Board of Directors believes that implementing a reverse share split is likely to improve the marketability and liquidity of UTStarcom's ordinary shares. The meeting will be held at UTStarcom's office located at 4th Floor, South Wing, 368 Liuhe Road, Binjiang District, Hangzhou 310053, P.R. China. If approved, the
