Big Tree Cloud Shareholders Approve 1-for-20 Share Consolidation
Big Tree Cloud shareholders approved the consolidation of every 20 ordinary shares into one ordinary share and the adoption of a dual-class share structure comprising Class A and Class B ordinary shares. The company's Class A ordinary shares are expected to begin trading on Nasdaq at the open of business on February 23, and will continue to trade under the symbol "DSY" and the new CUSIP number G1263B132. No fractional shares were issued The reverse stock split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the company's outstanding ordinary shares. Following the share consolidation, the authorized share capital of the company was changed from $50K divided into 25M ordinary shares of a nominal or par value of 0.2c each to $50K divided into 25M comprising 20M class A ordinary shares of par value of 0.2c each and 5M class B ordinary shares of par value of 0.2c each.
