Pop Culture Group Co., Ltd. (NASDAQ:CPOP) shares fell in after-hours trading on Wednesday after the company announced a 10-for-1 share consolidation that will take effect next week.
Pop Culture Group closed Wednesday’s regular session at $0.07, down 31.31%. In after-hours trading, the stock fell 15.86% to $0.059.
Pop Culture Group is a China-based entertainment company focused on promoting Chinese pop culture through live entertainment events, online programs, event planning and brand promotion services.
10-for-1 Share Consolidation Takes Effect July 13
Pop Culture Group said it will implement a 10-for-1 share consolidation of its Class A, Class B and Class C ordinary shares, effective July 13, 2026.
The company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis on the Nasdaq Capital Market at the market open on July 13 under the existing ticker symbol “CPOP.” The shares will trade under a new CUSIP number following the consolidation.
Before the consolidation, the company had approximately 113.81 million Class A ordinary shares outstanding. Following the transaction, that number is expected to decline to approximately 11.38 million shares. Outstanding stock options, warrants and other rights to purchase Class A ordinary shares will be adjusted proportionately.
The company said shareholders holding shares through banks, brokers or other nominees will have their holdings adjusted automatically and will not need to take any action.
Trading Metrics
Pop Culture Group has a market capitalization of approximately $7.52 million, with a 52-week high of $2.61 and a 52-week low of $0.055.
Over the past 12 months, CPOP shares have declined 90.00%.
Benzinga Edge Stock Rankings indicate CPOP has a negative price trend across the short, medium and long term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Kumotion on Shutterstock.com
Login to comment