Why Is U-BX Technology Stock Falling After Hours Today? - U-BX Technology (NASDAQ:UBXG)

U-BX Technology (NASDAQ:UBXG) shares are trading lower in after-hours trading on Monday.

UBXG shares fell 15.6% to $0.11 in after-hours trading after the company announced a 1-for-25 reverse stock split that will take effect Friday.

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The China-based insurance technology company said its Class A ordinary shares will begin trading on a split-adjusted basis on Friday under the existing ticker symbol "UBXG."

AI Insurance Company Announces Reverse Split