IT Tech Packaging announced a 1-for-40 reverse stock split effective November 20, 2026, reducing its shares from about 19.97 million to roughly 499,000. This move aims to comply with NYSE American's minimum share price requirements. Shareholders will have their shares automatically adjusted, with fractional shares rounded up to whole shares. The company's ownership structure and voting rights remain largely unchanged after the split.
IT Tech Packaging's reverse stock split is noted here with Pluang's Basic Materials sector data as of Nov 12, 2026 00:32 WIB. Of 83 priced Basic Materials-sector US stocks tradable on Pluang, 47 rose and 36 fell today. Notable movers include LAC at USD 1.75 with a 1-day change of -7.67% and Pluang order activity of 0% Sell / 100% Buy, ESI at USD 34.35 with a 1-day change of +4.90%, and MP at USD 38.13 with a 1-day change of +4.58%.
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