Core Viewpoint - Springview Holdings Ltd has announced a reverse share split of its Class A ordinary shares on a one-for-eight basis, effective December 2, 2025, to increase the market price per share and maintain its Nasdaq listing [1][2]. Group 1: Reverse Share Split Details - The reverse share split will combine every eight pre-split Class A ordinary shares into one post-split share, changing the par value from US$0.0001 to US$0.0008 [2]. - The total number of issued and outstanding Class A ordinary shares will decrease from 13,217,629 to approximately 1,652,204 shares [2]. - No fractional shares will be issued; any entitlement to a fractional share will be rounded up to the nearest whole share [3]. Group 2: Trading and Administrative Information - Post-split, the Class A ordinary shares will continue to trade on the Nasdaq under the symbol "SPHL" with a new CUSIP number G83761117 [2]. - VStock Transfer, LLC will act as the exchange agent for the reverse share split, and adjustments to physical stock certificates can be made upon surrender to the transfer agent [4]. Group 3: Company Overview - Springview Holdings Ltd specializes in designing and constructing residential and commercial properties in Singapore, with operations dating back to 2002 [5]. - The company offers a comprehensive range of services, including design, construction, furniture customization, project management, and post-project services [5].
Springview Announces 1-for-8 Reverse Share Split Effective December 2, 2025