Chijet Motor Company (NASDAQ:CJET) has announced a 1-for-30 reverse split of its ordinary shares. This change is set to take effect on June 28, 2024.

Starting July 8, 2024, Chijet's ordinary shares will begin trading on a split-adjusted basis on the Nasdaq Stock Market under the existing ticker symbol "CJET." 

As part of the reverse stock split, every 30 shares of issued and outstanding ordinary shares held by shareholders will be automatically consolidated into one single share.