How will a reverse share split affect bit brother's Class A ordinary shares?

The reverse share split is expected to lead Bit Brother's Class A ordinary shares to trade at approximately one thousand times the price per share at which it trades prior to the effectiveness of the reverse share split.

When will a 1 for 1000 reverse split become effective?

Fractional Shares Bit Brother Limited (the "Company," "we" or "Bit Brother") (NASDAQ: BETS), today announced that a 1 for 1,000 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company's board of directors on November 14, 2023 and is expected to become effective on or around January 10, 2024.

Will a reverse split affect the price of a Class A share?

Bit Brother, however, cannot assure that the price of its Class A ordinary shares after the reverse split will reflect the 1 for 1,000 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.