ETHZilla (NASDAQ:ETHZ [https://seekingalpha.com/symbol/ETHZ]) stock was trading lower as the technology company connecting traditional finance with decentralized finance announced [https://seekingalpha.com/pr/20266535-ethzilla-corporation-announces-1-forminus-10-reverse-stock-split] a 1-for-10 reverse stock split.
Shares were -6.25% Wednesday pre-market to $1.80.
The share consolidation is expected to become effective on Oct. 20 at 12:01 AM EDT.
The company said the reverse stock split is not related to any exchange listing requirements, and the transaction supports its long-term capital markets strategy.
The share consolidation was approved by the company's stockholders at the July 24 special meeting.
The event is expected to reduce the number of shares outstanding to ~16M from ~160M.
MORE ON 180 LIFE SCIENCES
* ETHZilla (180 Life Sciences) Pivots To Ethereum Treasury Strategy [https://seekingalpha.com/article/4814010-ethzilla-180-life-sciences-pivots-to-ethereum-treasury-strategy]
* 180 Life Sciences: Biotech Pivots Into Crypto, Shares Skyrocket? Not So Uncommon [https://seekingalpha.com/article/4812758-180-life-sciences-biotech-pivots-into-crypto-shares-skyrocket-not-so-uncommon]
* ETHZilla holds over $460M in Ether and equivalents [https://seekingalpha.com/news/4494916-ethzilla-holds-over-460m-in-ether-and-equivalents]
* ETHZilla announces CEO appointment, Ether holdings of ~$443M; shares up over 9% [https://seekingalpha.com/news/4493004-ethzilla-announces-ceo-appointment-ether-holdings-of-443m-shares-up-over-9]
* Financial information for 180 Life Sciences [https://seekingalpha.com/symbol/ETHZ/income-statement]
ETHZilla announces 1-for-10 reverse stock split, shares down ~6%
Published 3 weeks ago
Oct 15, 2025 at 1:34 PM
Neutral
Auto