Oriental Culture Holding Announces 1-for-220 Reverse Split and Special Dividend

Tip Ranks
2026.01.13 21:58
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Oriental Culture Holding Ltd. announced a 1-for-220 reverse stock split approved by shareholders on November 28, 2025, aimed at complying with Nasdaq's minimum bid price requirement. The consolidation will reduce outstanding shares from approximately 381.5 million to about 1.7 million, effective January 16, 2026. Additionally, a special cash dividend of $0.05 per post-consolidation share was approved, with a record date of January 22, 2026, and payment on February 9, 2026. The current analyst rating for OCG stock is a Sell with a price target of $0.02, reflecting concerns over financial performance and valuation.