Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares

AIU

Market cap $18.8M

The United States' macroeconomic environment was favorable to large-cap companies and unfriendly to small-caps through the first half of 2024. That changed in July.

Online education platform provider Meta Data (NYSE: AIU ) is surging today after the company completed its reverse stock split. This 1-for-5 reverse stock split brought the company's share price back in compliance with listing standards and is clearly something investors are cheering.

Hong Kong, July 19, 2024 (GLOBE NEWSWIRE) -- Meta Data Limited (“Meta Data” or the "Company") (NYSE: AIU) today announced that it plans to change the ratio of its American depositary shares ("ADSs"), which currently is one (1) ADS representing two (2) Class A ordinary shares. The new ratio is expected to be one (1) ADS representing ten (10) Class A ordinary shares.

Hong Kong, March 06, 2024 (GLOBE NEWSWIRE) -- Meta Data Limited (NYSE: AIU) (“Meta Data” or the “Company”) today announced the Company has received a letter from the New York Stock Exchange (the "NYSE") dated March 4, 2024, notifying the Company that it is below compliance standards due to the trading price of AIU's American depositary shares (the "ADSs").