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WORK Medical Technology Group LTD's Strategic Reverse Stock Split
WORK Medical Technology Group LtdWORK Medical Technology Group Ltd(US:WOK) Financial Modeling Prep·2025-10-21 19:05

Core Insights - WORK Medical Technology Group LTD executed a reverse stock split at a ratio of 100 for 1 on October 21, 2025, to comply with Nasdaq Marketplace Rule 5550(a)(2) [1] - The reverse stock split was endorsed by the company's shareholders and board of directors, consolidating every 100 shares into one share while maintaining the same trading symbol on the Nasdaq [1] - Following the split, the stock price increased to $4.02, a rise of 12.05% or $0.43, with fluctuations between $3.50 and $4.10 on the reporting day [2] - The company's market capitalization is approximately $229.3 million, with a trading volume of 197,832 shares, indicating a strategic initiative to stabilize stock price and secure Nasdaq listing [2]