HONG
KONG, Feb. 26, 2024 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ: IFBD) ("Infobird" or the
"Company"), a software-as-a-service provider of innovative
AI-powered, or artificial intelligence enabled, customer engagement
solutions, today announced that the Company is amending the
effective date for its reverse stock split to Monday March 4, 2024 to begin trading on a
split-adjusted basis when the market opens, due to an unanticipated
delay in obtaining necessary regulatory clearances.
Previously, the Company had planned for its reverse split to
become effective after the close of business on Monday, February 26, 2024, and had expected the
ordinary shares to begin trading on a split-adjusted basis when the
market opened the following day, Tuesday,
February 27, 2024.
About Infobird Co., Ltd
Infobird Co., Ltd. (Nasdaq: IFBD), is a software-as-a-service
provider of innovative AI-powered, or artificial intelligence
enabled, customer engagement solutions. For more information,
please visit http://www.infobird.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Among other things, the business outlook and quotations
from management in this press release, as well as the Company's
strategic and operational plans, contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement, including but not limited to the
following: the Company's goals and strategies; the Company's future
business development, financial condition and results of
operations; and the Company's expectations regarding demand for and
market acceptance of its products and services. Further information
regarding these and other risks is included in the Company's annual
report on Form 20-F and current report on Form 6-K and other
documents filed with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
laws.
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SOURCE Infobird Co., Ltd