BEIJING, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Shineco Inc. (“Shineco” or the “Company”; NASDAQ: SISI), a producer of innovative diagnostic medical products and related medical devices, announced today that effective at 12:01 a.m., EDT, on November 12, 2024, the Company will effect a one-for-twenty four (1-for-24) reverse stock split of its outstanding common stock (the “Reverse Stock Split”). The Reverse Stock Split is primarily intended to bring the Company into compliance with the minimum average
Shineco ( (SISI) ) just unveiled an announcement. The Company recently held its 2025 annual general meeting, where key proposals were approved, including a reverse stock split, the 2025 Equity Incentive Plan, the election of seven directors, and the reappointment of Assentsure PAC as the accounting firm. These decisions, reflecting significant shareholder support, aim to enhance the company’s financial structure and governance. For a thorough assessment of SISI stock, go to TipRanks’ Stock Analy