Core Viewpoint - Everbright Digital Holding Limited has announced a reverse share split on a one-for-sixteen basis, aimed at increasing the market price per share to maintain its Nasdaq listing [1][2]. Group 1: Reverse Share Split Details - The reverse share split will combine every sixteen pre-split ordinary shares into one ordinary share, changing the par value from USD 0.00004 to USD 0.00064 per share [2]. - Following the reverse split, the total number of issued and outstanding ordinary shares will decrease from 26,660,000 to approximately 1,666,250 [2]. - The new ordinary shares will begin trading on a post-split basis on February 9, 2026, under the symbol "EDHL" with a new CUSIP number G32212113 [2]. Group 2: Shareholder Impact - No fractional shares will be issued; shareholders entitled to a fractional share will have their entitlement rounded up to the nearest whole share [3]. - The reverse share split was approved by shareholders during an extraordinary meeting held on September 30, 2025 [3]. Group 3: Company Overview - Everbright Digital Holding Limited is an integrated marketing solutions provider based in Hong Kong, focusing on the metaverse and related technologies [5]. - The company offers a range of digital marketing services, including metaverse stimulation, virtual reality (VR) and augmented reality (AR) design, event planning, IP character creation, and social media marketing [5].
Everbright Digital Holding Limited Announces 1-for-16 Reverse Share Split Effective February 9, 2026