SINGAPORE, Nov. 20,
2024 /PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq:
XTKG) (the "Company" or "XTKG"), a global provider of digital
solutions and technology services spanning diverse industries,
today announced that it will effect a share consolidation of its
ordinary shares at a ratio of 1-for-20, effective on November 22, 2024 (the "Share Consolidation").
The Company's ordinary shares are expected to begin trading on a
post-consolidation basis at the open of the market session on
November 22, 2024. Upon the market
opening on November 22, 2024, the
Company's ordinary shares will continue to be traded on The Nasdaq
Capital Market under the symbol "XTKG" with the new CUSIP number
G72007134.
As a result of the Share Consolidation, every twenty (20) shares
of the Company's ordinary shares will be automatically consolidated
into one ordinary share. Outstanding warrants and other outstanding
equity rights will be proportionately adjusted to reflect the Share
Consolidation. No fractional shares will be issued in connection
with the Share Consolidation, and in the event that a shareholder
would otherwise be entitled to receive a fractional share upon the
Share Consolidation, the number of shares to be received by such
shareholder will be rounded up to one ordinary share in lieu of the
fractional share that would have resulted from the Share
Consolidation. Shareholders who are holding their shares in
electronic form at brokerage firms do not need to take any action,
as the effect of the Share Consolidation will automatically be
reflected in their brokerage accounts.
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider
of digital solutions and technology services spanning diverse
industries. The Company is operating across diversified business
segments in digital technologies, cryptomining operations,
renewable energy and agriculture technologies. X3 Holdings is
headquartered in Singapore with
subsidiaries and operations globally. For additional information,
please visit www.x3holdings.com.
Safe Harbor Statement
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements include, among
others, statements regarding the Company's plans to regain
compliance with the minimum bid price requirement. The Company's
actual results may differ materially from those expressed in any
forward-looking statements as a result of various factors and
uncertainties. The reports filed by the Company with the Securities
and Exchange Commission discuss these and other important factors
and risks that may affect the Company's business, results of
operations and financial conditions. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
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SOURCE X3 Holdings Co., Ltd.
