<div id="readability-page-1">ETHZilla (NASDAQ:ETHZ) stock was trading lower as the technology company connecting traditional finance with decentralized finance announced a 1-for-10 reverse stock split. Shares were -6.25% Wednesday pre-market to $1.80. The share consolidation is expected to become effective on Oct. 20 at 12:01 AM EDT. The company said the reverse stock split is...</div>

ETHZ

<p>ETHZilla (NASDAQ:ETHZ) announced a 1-for-10 reverse stock split, effective Oct. 20 at 12:01 AM EDT, reducing shares outstanding from ~160M to ~16M. Following the announcement, shares fell by 6.25% to $1.80 in pre-market trading. The company clarified that the split is not related to exchange listing requirements and supports its long-term capital markets strategy. The consolidation was approved by stockholders on July 24.</p>

ETHZilla announces 1-for-10 reverse stock split, shares down ~6%