Ostin Technology Executes 1-for-25 Reverse Share Split August 5

Ostin Technology (OST) experienced a significant intraday drop of over 11%, driven likely by external factors such as sudden market sentiment shifts or algorithmic trading rather than technical indicators, as no clear reversal or momentum signals were detected. The stock's sharp decline was not part of a broad sector selloff, given mixed peer stock performances, suggesting a company-specific event. In response to market conditions, Ostin Technology announced a 1-for-25 reverse share split approved on July 17, 2025, effective August 5, 2025, consolidating every 25 existing Class A ordinary shares into one to reduce outstanding shares from approximately 132.43 million to 5.29 million. This reverse split aims to enhance stock marketability and ensure compliance with NASDAQ listing standards while maintaining the ticker symbol 'OST' with a new CUSIP number and adjusting the par value to $0.025 per share. Meanwhile, FOXO Technologies executed a 1-for-1.99 reverse stock split in late July 2025 to eliminate fractional shares amid ongoing financial challenges and bearish momentum, although recent corporate actions offer some hope for future improvement. Both companies' reverse splits reflect strategic moves to stabilize share price and improve market perception amid challenging financial and trading environments.