Dec. 4 at 6:17 PM
$ORIS Depends on what you think is good — ORIS (Oriental Rise Holdings Ltd) is set for a reverse split. Shareholders approved a consolidation ratio ranging from 1‑for‑10 up to 1‑for‑150, with the Board authorized to decide the exact ratio and timing before January 25, 2026.
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📊 Key Details
• Approval date: July 29, 2025, at an Extraordinary General Meeting.
• Range: Reverse split ratio between 1‑for‑10 and 1‑for‑150.
• Purpose: To boost per‑share price, meet Nasdaq minimum bid requirements, and shed “penny stock” status.
• Board discretion: The Board of Directors will finalize the ratio and effective date.