ATIF Holdings Limited (NASDAQ:ATIF) Stock Takes a Hit After Reverse Split News

August 20, 2021

ATIF Holdings Limited (NASDAQ:ATIF) fell 35% after announcing a 5 for one reverse stock split. Last week, the company announced that its Board had approved a reversed stock split of its approved, outstanding, and issued common stock par value $0.001 for each share in a 5 for one ratio. This implies that the company will convert every five shares currently held into one share. Most importantly, shareholders eligible to get…