Transforming the Construction Industry: Inno Holdings Inc. Announces Reverse Stock Split

Revolutionizing Building Technology

Brookshire, TX / ACCESSWIRE / October 8, 2024 / Inno Holdings Inc. (“Inno” or the “Company”) (Nasdaq Capital Market:INHD) is on a mission to transform the construction industry with its innovative building technology. With a focus on cold-formed steel-framing technology and other building innovations, Inno is paving the way for a new era in construction.

Reverse Stock Split Approval

Today, Inno announced that its board of directors has approved a reverse stock split of the Company’s common stock at a ratio of 1-for-10. This move is expected to become effective immediately after the close of trading on the Nasdaq on October 9, 2024. Inno’s Common Stock will then begin trading on a split-adjusted basis at the opening of trading on October 10, 2024, under the existing ticker symbol “INHD”.

As Inno continues to push the boundaries of building technology, this reverse stock split is a strategic decision that will position the Company for future growth and expansion. By consolidating its shares, Inno aims to enhance shareholder value and attract new investors who are interested in the innovative solutions the Company has to offer.

How This Affects You

As a shareholder of Inno Holdings Inc., the reverse stock split may have a direct impact on your investment. While the overall value of your shares remains the same, the number of shares you own will be reduced. This consolidation can lead to increased trading activity and liquidity in the market, potentially improving the stock’s performance over time.

How This Affects the World

In a broader sense, Inno’s reverse stock split reflects the Company’s commitment to innovation and growth in the construction industry. By streamlining its shares and increasing visibility in the market, Inno is better positioned to attract strategic partnerships, secure funding for future projects, and continue developing cutting-edge building technologies that have the potential to revolutionize the way we build.

Conclusion

With the approval of the reverse stock split, Inno Holdings Inc. is taking a significant step towards achieving its mission of transforming the construction industry. By consolidating its shares and enhancing shareholder value, Inno is setting the stage for future success and continued innovation. As the Company continues to push boundaries and set new standards in building technology, the world can expect to see exciting developments that have the power to shape the future of construction.