05:35 PM EDT, 04/16/2024 (MT Newswires) -- Zapp Electric Vehicles Group ( ZAPP ) said Tuesday it will implement a one-for-20 reverse stock split after the market closes on Monday.
Shares will begin to trade on a split-adjusted basis on April 23, the company added.
The reverse stock split was approved by the company shareholders at the annual meeting on Thursday, according to Zapp.