Shengfeng Development Announces 1-For-15 Reverse Stock Split, Effective Sept. 8
Benzinga Newsdesk 2 months ago
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Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ:SFWL), a contract logistics company providing customers with integrated logistics solutions in China, today announced that it intends
Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ:SFWL), a contract logistics company providing customers with integrated logistics solutions in China, today announced that it intends to effect a 1-for-15 reverse stock split of the Company's Class A Ordinary Shares and Class B Ordinary Shares (the "Reverse Stock Split"). The Company anticipates that the Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis upon the opening of the market on September 8, 2026 (the "Effective Date").