Core Viewpoint - WORK Medical Technology Group LTD will implement a reverse stock split of its ordinary shares on a 1-for-100 basis to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on December 29, 2025, with Class A ordinary shares trading under the symbol "WOK" and a new CUSIP number G9767H125 [1]. - The reverse stock split has been approved by both the Company's shareholders and board of directors [2]. - Every 100 shares of Class A and Class B ordinary shares will be combined into one share, and fractional shares will be rounded up to the next whole number [3][4]. Group 2: Company Overview - WORK Medical Technology Group LTD, through its subsidiary, is a supplier of medical devices in China, developing and manufacturing Class I and II medical devices [5]. - The company has a diverse product portfolio of 21 products, including customized masks and medical consumables, sold in 34 provincial-level regions in China and over 30 countries worldwide [5]. - The company has received multiple quality-related manufacturing designations and has registered 17 products with the U.S. Food and Drug Administration for entry into the U.S. market [5].
WORK Medical Technology Group LTD Announces 1-for-100 Reverse Stock Split Effective December 29, 2025