PANews June 1 news, according to Globenewswire, Nasdaq-listed blockchain ASIC chip R&D company AGM Group announced that it plans to take effect on June 3rd with a "50-for-1" share merger transaction, reducing the total number of Class A common shares from 98,713,955 to approximately 1,974,279 shares, with a value of $0.05 per share; the total number of Class B common shares from 2,100,000 shares to approximately 42,000 shares, with a value of $0.05 per share. After the market opens on June 3rd, it will start trading on the post-merger basis, with the stock code still "AGMH", but the CUSIP number will be updated to G0132V121.