StocksMedium•11 November 2026•
1 min read
IT Tech Packaging Board Approves 1-for-40 Reverse Stock Split
Key Facts
1IT Tech Packaging's Board of Directors approved a 1-for-40 reverse stock split of its common stock.
2The reverse split is expected to be effective on November 20, 2026, with split-adjusted trading starting November 23.
IT Tech Packaging's Board of Directors approved a 1-for-40 reverse stock split of its common stock, according to a statement via PR Newswire. The reverse split is expected to become effective on November 20, 2026, with split-adjusted trading scheduled to begin on the NYSE American under the ticker ITP on November 23, 2026, pending exchange approval.
ITP closed at $0.0614 on November 10, 2026, with the session seeing a trading range between a low of $0.0435 and a high of $0.1245. The company intends to reduce its authorized common stock from 50 million shares to 1.25 million shares, which will decrease the number of issued and outstanding shares from approximately 19.96 million to roughly 499,000 shares.