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Ostin Technology Group: Amendment No. 1 to Form 6-K - Reverse Share Split Update

$OST
Form 6-K/A
Filed on: 2024-12-23
Source
Ostin Technology Group: Amendment No. 1 to Form 6-K - Reverse Share Split Update

Here are the key insights extracted from the provided section of the financial report (Form 6-K/A) for Ostin Technology Group Co., Ltd.:

  1. Filing Type and Purpose: This document is an Amendment No. 1 to Form 6-K, indicating that it is an updated filing to provide additional clarification regarding a previously issued report.
  2. Reverse Share Split: The company plans to implement a reverse share split of its outstanding ordinary shares at a ratio of 1-for-10. This means that for every ten shares currently held, shareholders will receive one new share.
  3. Effective Date Changes: The effective date of the reverse share split has been changed from December 26, 2024, to December 31, 2024. This change was made following communication with The Nasdaq Stock Market LLC.
  4. Trading Information: The Class A ordinary shares will begin trading on Nasdaq on a split-adjusted basis starting December 31, 2024. The shares will continue to trade under the existing symbol "OST" but will have a new CUSIP number (G67927114).
  5. No Additional Changes: The amendment specifies that other than the changes described regarding the effective date, no other information from the original report has been amended, restated, or updated.
  6. Incorporation by Reference: This amendment will be incorporated by reference into the company’s registration statements on Forms F-3 and will be part of those statements from the date this amendment is filed.
  7. Signatory Details: The document is signed by Tao Ling, the Chief Executive Officer of the company, confirming the information provided in the amendment. The date of signing is December 23, 2024.

This summary captures the essential details and implications of the announcement regarding the reverse share split and the amendment to the original filing.