10:52 AM EST, 12/24/2024 (MT Newswires) -- Ostin Technology Group ( OST ) said Tuesday it will implement a 1-for-10 reverse split of its class A shares effective Dec. 31 instead of the previously planned Dec. 26.

The reverse split is part of the company's bid to regain compliance with Nasdaq's $1 minimum bid price requirement for continued listing, it said.

Ostin Technology ( OST ) shares were down more than 9% in recent trading.

Price: 0.17, Change: -0.02, Percent Change: -9.44