CN ENERGY GROUP. INC.
For the period ended May 19, 2025. Filed May 19, 2025.
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May 19, 2025 · Filed May 19, 2025
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Reverse Stock Split
CN Energy Group. Inc. (NASDAQ: CNEY) (“CNEY” or the “Company”) effectuated a 1-for-25 stock split of the Company’s Class A ordinary shares with no par value, at 12:01 a.m. Eastern Time on May 19, 2025 (the “Reverse Stock Split”). The Class A ordinary shares began trading on the Nasdaq Capital Market on a split-adjusted basis beginning on May 19, 2025, under the Company’s existing trading symbol “CNEY” with the new CUSIP number G2181K204.
The Reverse Stock Split reduced the number of Class A ordinary shares issued and outstanding from approximately 75.28 million to approximately 3.01 million. No fractional shares were issued in connection with the Reverse Stock Split. Any amount of fractional shares were rounded up to the next nearest number at the participant level.
The Reverse Stock Split is primarily intended to increase the market price per share of the Company’s Class A ordinary shares to regain compliance with the minimum bid price required for continued listing on the Nasdaq Capital Market.
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