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Bit Origin to effect 1-for-60 reverse stock split

Bit Origin to effect 1-for-60 reverse stock split

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Seeking Alpha logoSeeking AlphaJanuary 15, 20261 min read
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Bit Origin ( BTOG ) on Thursday announced a 1-for-60 reverse stock split, effective January 20, 2026. "The reverse stock split is intended to support our efforts to maintain compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)," said CEO Jinghai Jiang. New CUSIP number of the class A shares will be G21621134. The Singapore-based cryptocurrency miner said the share combination will reduce its outstanding class A shares to ~1.5M from ~88.6M. Meanwhile, class B shares will reduce to 12,800 shares from 768,000.

inimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)," said CEO Jinghai Jiang. New CUSIP number of the class A shares will be G21621134. The Singapore-based cryptocurrency miner said the share combination will reduce its outstanding class A shares to ~1.5M from ~88.6M. Meanwhile, class B shares will reduce to 12,800 shares from 768,000.