TNL Mediagene Announces 1-for-20 Share Consolidation

Core Viewpoint - TNL Mediagene announced a 1-for-20 share consolidation to increase the trading price of its ordinary shares and regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share [1][2]. Group 1: Share Consolidation Details - The share consolidation is set to take effect on December 23, 2025, with shares trading under the existing ticker symbol "TNMG" and a new CUSIP number [1]. - The consolidation aims to enhance the company's appeal to institutional investors who require a minimum share price for investment [2]. - Shareholders approved a consolidation ratio of up to 1-to-100, with the final ratio of 1-for-20 approved by the Board of Directors on December 9, 2025 [3]. Group 2: Impact on Shareholders - No fractional shares will be issued; all fractional shares will be rounded up to the next whole share, ensuring uniform impact on all shareholders [4]. - Registered shareholders will not need to take any action to receive split-adjusted shares, as adjustments will be made automatically for those holding shares through brokers or other organizations [5]. Group 3: Company Background - TNL Mediagene was formed in May 2023 through the merger of The News Lens Co. and Mediagene Inc., focusing on digital media and data services across Asia [6]. - The company operates in multiple languages and offers a range of services including AI-driven advertising and marketing technology [6].