JIADE halted after plunge and discounted deal
JIADE shares remained halted on Nasdaq Friday after a 25% drop to $50 on June 4, following a 10-for-1 reverse split and a $12 million direct offering at $2.40 per share. Nasdaq requested more information from the company, citing a T12 halt. No trading occurred June 5, with platforms showing zero volume. JIADE recently reported a net loss for 2025 despite higher revenue.