Core Points - WORK Medical Technology Group LTD will implement a reverse stock split of its ordinary shares on a 1-for-100 basis, effective October 21, 2025 [1][2] - The reverse stock split aims to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) regarding the minimum bid price per share [2] - The total number of outstanding Class A ordinary shares will decrease from approximately 96 million to about 960,000, and Class B ordinary shares will reduce from approximately 7.59 million to around 76,000 [4] Company Overview - WORK Medical is a supplier of medical devices in China, developing and manufacturing Class I and II medical devices, including disposable medical devices [5] - The company has a diverse product portfolio of 21 products, including customized masks, and has sold products in 34 provincial-level regions in China and over 30 countries globally [5] - WORK Medical has received various quality-related manufacturing designations and has registered 17 products with the U.S. FDA for entry into the U.S. market [5]
WORK Medical Technology Group LTD Announces 1-for-100 Reverse Stock Split Effective October 21, 2025