PR Newswire·Nov 11, 2026, 12:30 PM ET

IT Tech Packaging, Inc. Announces Reverse Stock Split

IT Tech Packaging, Inc. approved a 1-for-40 reverse stock split of its common stock.
The split is expected to become effective on November 20, 2026, with split-adjusted trading beginning on November 23, 2026, under the symbol "ITP".
Authorized common stock will decrease from 50,000,000 shares to 1,250,000 shares, while issued shares will drop from approximately 19,965,420 to approximately 499,136.
Shareholders holding electronic shares will see automatic adjustments in their brokerage accounts without needing to take action.
Stockholders with paper certificates may send them to Empire Stock Transfer to receive new certificates reflecting the split.
Fractional shares will be rounded up to the nearest whole share, with no cash paid for fractional interests.
The reverse stock split aims to regain compliance with NYSE American listing standards regarding the low price per share.
The par value of the common stock remains unchanged, & shareholder ownership percentages will stay substantially the same.