$1.695
-0.025 (-1.45%)At close
OST News
OST Events
Sichuan Aoniu New Materials Launches Colorless Polyimide Project
On November 20, 2025, Sichuan Aoniu New Materials held the groundbreaking ignition ceremony for its Colorless Polyimide project at its headquarters in Shuangliu District, Chengdu. Chairman Ling Tao, alongside the company's core team and key partners, witnessed the commencement of production. As a high-performance advanced material, CPI plays an irreplaceable role in aerospace, electronic information equipment, high-end manufacturing, and many other fields. More than 120 guests, including government representatives, leading domestic and international industry enterprises, customers, and suppliers, attended this significant milestone. The successful ceremony marks a critical breakthrough for Aoniu New Materials in advancing the localization and substitution of CPI materials in China.
Nasdaq Suspends Trading of Ostin Technology
The Nasdaq Stock Market (NDAQ) announced that trading was halted on September 12, 2025 in Ostin Technology Group (OST) at 12:24:23 Eastern Time for additional information requested from the company. The last sale price of the company's ordinary shares was $1.695. Trading will remain halted until Ostin Technology Group has fully satisfied Nasdaq's request for additional information.
Ostin Technology announces 1-for-25 reverse share split
Ostin Technology has resolved to effect a reverse share split of the Company's ordinary shares, with the split ratio set at 1-for-25. The Reverse Share Split was approved by the Company's shareholders at an extraordinary general meeting held on July 17, 2025. The Company's Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on August 5, 2025, under the existing ticker symbol "OST." The new CUSIP number for the Company's Class A ordinary shares will be G67927122. Upon the effectiveness of the Reverse Share Split, every twenty five shares of the Company's issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding Class A ordinary shares of the Company from approximately 132.43 million to approximately 5.29 million. In conjunction with the Reverse Share Split, the Company also amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance and to adjust the par value of the post-reverse share split ordinary shares to $0.025 per share.
Ostin Technology prices 41.67M shares at 12c in registered direct offering
Ostin Technology Group entered into a definitive agreement with a single institutional investor for the purchase and sale of an aggregate of 41,666,667 of the Company's Class A ordinary share, par value $0.001 per share at a purchase price of $0.12 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share. The aggregate gross proceeds to the Company of this offering are expected to be approximately $5M. The transaction is expected to close on or about July 1, 2025, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
Ostin Technology issues statement regarding market activity
Ostin Technology Group issued the following statement in response to the market activity on June 26: "The company does not have any undisclosed material matters, nor is it aware of the specific reasons for the abnormal stock price fluctuations on June 26. However, we must caution investors and all other persons to rely solely on statements and filings with the U.S. Securities and Exchange Commission issued by the company itself or its authorized representatives. The company does not intend to make further statements regarding this matter."
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