Workflow
Reverse Stock Split
icon
Search documents
Globavend Holdings Limited Announces 1-for-200 Reverse Stock Split
Globenewswire· 2025-07-17 13:10
Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand, primarily serving enterprise customers including e-commerce merchants and platform operators [6]. Reverse Stock Split Announcement - The company announced a 1-for-200 reverse stock split of its ordinary shares, which will take effect on July 21, 2025, with shares trading on a post-split basis [1][3]. - The reverse stock split will reduce the number of outstanding shares from approximately 253 million to about 1.27 million [3]. Shareholder Approval - A majority of shareholders approved the reverse stock split at an extraordinary general meeting held on April 28, 2025, with the Board of Directors subsequently endorsing the 1-for-200 ratio [2]. Impact on Shares - The reverse stock split will not alter any rights or preferences of the company's shares, and fractional shares will be rounded up to the nearest whole number [4]. - The par value of the ordinary shares will increase from $0.001 to $0.20 as a result of the split [4]. Transition Process - VStock Transfer, LLC will act as the exchange agent for the reverse stock split, and shareholders will receive information regarding the transition [5]. - Shareholders holding shares in book-entry form or through brokers will have their positions adjusted automatically without needing to take any action [5].
Lucid Files Preliminary Proxy Statement with the SEC to Initiate Plan for Reverse Stock Split
Prnewswire· 2025-07-17 12:29
Core Viewpoint - Lucid Group, Inc. has filed a preliminary proxy statement with the SEC to authorize a reverse stock split of its Class A common stock at a ratio of one-for-ten (1:10) [1][2] Group 1: Reverse Stock Split Details - The proposed reverse stock split will not affect stockholders' percentage ownership interests or voting power, except for fractional shares that may result in cash payments [2] - The company believes that the reverse stock split will make its common stock more attractive to a broader range of investors [2] - Approval from a majority of votes cast at the special stockholders' meeting is required for the reverse stock split to proceed [2] Group 2: Conditions and Assurances - Completion of the reverse stock split is subject to market conditions and obtaining stockholder approval, with no guarantees that it will be completed or achieve the intended effects [4] - The Board reserves the right to not proceed with the reverse stock split if it is deemed not in the best interests of the company and its stockholders [4] Group 3: Company Overview - Lucid Group is a technology company based in Silicon Valley, focused on creating advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity [5] - The company assembles its vehicles in a vertically integrated factory located in Arizona, emphasizing industry-leading technology and innovations in EV technology [5]
INVO Fertility Announces a 1:3 Reverse Stock Split Effective Pre-Market Opening on July 21, 2025
Globenewswire· 2025-07-17 12:00
Core Viewpoint - INVO Fertility, Inc. announced a 1-for-3 reverse stock split to comply with Nasdaq's minimum bid price requirement, effective July 21, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 3 shares of common stock into 1 share, rounding up any fractional shares [2]. - Post-split, the company will have approximately 928,272 shares issued and outstanding, with authorized shares adjusted to 1,388,888 [2]. Group 2: Company Overview - INVO Fertility is focused on expanding assisted reproductive technology (ART) care, operating fertility clinics, and distributing its proprietary INVOcell medical device [4]. - The INVOcell device allows fertilization and early embryo development to occur in vivo, offering a more natural and cost-effective alternative to traditional IVF [4].
Smart Powerr Corp. Announces Effective Date of Reverse Stock Split
Globenewswire· 2025-07-16 12:00
Core Points - Smart Powerr Corp. has announced a reverse stock split at a ratio of 1-for-10 to comply with Nasdaq's minimum bid price requirement [2] - The reverse stock split will reduce the total number of outstanding shares from approximately 25.3 million to about 2.53 million [3] - The reverse stock split will not change the par value per share and will affect all issued and outstanding shares uniformly [4] Company Overview - Smart Powerr Corp. is based in Xi'an, China, and specializes in waste energy recycling and energy efficiency solutions for energy-intensive industries [5] - The company employs a Build-Operate-Transfer (BOT) model to provide energy-saving and recovery facilities, focusing on nonferrous metal plants [5] - Smart Powerr Corp. aims for disciplined and targeted expansion into market areas it currently does not serve [5]
Pineapple Financial Inc. Announces 1-for-20 Reverse Stock Split
Newsfile· 2025-07-15 21:20
Core Viewpoint - Pineapple Financial Inc. will implement a 1-for-20 reverse stock split of its common shares effective July 16, 2025, to increase the per-share market price and regain compliance with NYSE American's Listing Qualifications [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 20 issued and outstanding common shares into one common share, reducing the number of outstanding shares from 20,092,025 to 1,004,675 [2]. - The number of authorized shares will remain unchanged, and no fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [2][4]. - Following the reverse split, the common shares will trade under the new ticker symbol "PAPLD" and will revert to "PAPLF" after 20 business days [3]. Group 2: Company Overview - Pineapple Financial Inc. is a Canadian mortgage technology and brokerage company that focuses on enhancing the experience of homeowners and the success of agents and brokers [5]. - The company utilizes cloud-based tools and AI-driven systems to assist brokers in helping Canadians achieve homeownership [5]. - Pineapple is also engaged in community support, sponsoring charities across Canada to improve the lives of fellow Canadians [5].
Solo Brands, Inc. Class A Common Stock to be Reinstated on the NYSE
Globenewswire· 2025-07-14 22:36
Core Viewpoint - The NYSE has lifted the trading suspension of Solo Brands' Class A common stock, allowing it to resume trading on July 18, 2025, under the symbol "DTC" [1][2]. Group 1: Trading Resumption - The trading of Solo Brands' Class A common stock on the NYSE is expected to resume on July 18, 2025, after the withdrawal of the delisting determination by NYSE Regulation [1]. - The company will update its ticker symbol to "SBDS" effective July 24, 2025, while the CUSIP number will remain unchanged [3]. Group 2: Compliance and Financial Status - Despite a reverse stock split that raised the stock price above $1.00 on July 9, 2025, the company is not currently in compliance with NYSE's continued listing standards due to an average closing price of less than $1.00 over a consecutive 30 trading-day period [2]. - The company has until August 25, 2025, to regain compliance with the minimum share price requirement, which can be achieved if the stock closes at least $1.00 on the last trading day of any calendar month during the cure period [2]. Group 3: Company Overview - Solo Brands, headquartered in Grapevine, TX, operates as an omnichannel lifestyle brand company, offering innovative products through five lifestyle brands: Solo Stove, TerraFlame, Chubbies, ISLE, and Oru Kayak [4].
LAZYDAYS ANNOUNCES CLOSING OF 1-FOR-30 REVERSE STOCK SPLIT
Prnewswire· 2025-07-11 21:00
Core Viewpoint - Lazydays Holdings, Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-30 to increase its per share market price and regain compliance with Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split took effect on July 11, 2025, and the adjusted shares will begin trading on July 14, 2025, under the existing symbol "GORV" [1]. - Every 30 shares of common stock will be combined into one new share, with no fractional shares issued; any fractional shares will be rounded up to the nearest whole number [3]. - The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process, and stockholders in book-entry form will not need to take action [4]. Group 2: Company Background - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [5]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a range of accessories, making it a go-to destination for RV enthusiasts [6]. - Lazydays is publicly listed on the Nasdaq stock exchange under the ticker "GORV" [7].
PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES RESULTS OF ITS EXTRAORDINARY GENERAL MEETING AND SHARE CONSOLIDATION
Globenewswire· 2025-07-11 04:01
Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh, and Chinese cuisine with over 11 years of experience in the catering services industry in Singapore [3] - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [3] - Since 2019, the company has introduced smart incubators for contactless meal delivery, which are custom-made heated and insulated food vending lockers [3] Share Consolidation Announcement - The company announced a share consolidation (Reverse Stock Split) approved by members at an Extraordinary General Meeting, with a ratio ranging from 1 for 2 to 1 for 18, and a final decision of 1:9 for all shareholders of record on July 21, 2025 [1][2] - The Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on the Nasdaq Capital Market starting July 22, 2025, under the existing ticker symbol "PC" [1] Compliance with Nasdaq Requirements - The Board of Directors believes that the Reverse Stock Split is necessary to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the Nasdaq Capital Market [2] - The Board anticipates that the 1:9 Reverse Stock Split will facilitate compliance with these Minimum Bid Requirements [2]
LAZYDAYS ANNOUNCES 1-FOR-30 REVERSE STOCK SPLIT
Prnewswire· 2025-07-10 12:30
Core Viewpoint - Lazydays Holdings, Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-30, effective July 11, 2025, to increase its per share market price and regain compliance with Nasdaq listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 30 shares of common stock into one new share, with no fractional shares issued [3]. - The reverse stock split is intended to help the company meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market [3]. - Stockholders' percentage ownership will not change significantly, except for minor adjustments due to rounding [3]. Group 2: Shareholder Approval and Implementation - The reverse stock split was approved by stockholders at the Annual Meeting held on July 3, 2025, with a proposed ratio of at least 1-for-2 and up to 1-for-30 [2]. - The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process for the reverse stock split [4]. Group 3: Company Background - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [5]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a range of accessories, positioning itself as a go-to destination for RV enthusiasts [6].
Top 2 Real Estate Stocks Which Could Rescue Your Portfolio In July
Benzinga· 2025-07-03 12:04
Group 1 - The real estate sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] - An asset is considered oversold when the Relative Strength Index (RSI) is below 30, indicating potential short-term performance improvement [1] Group 2 - MacKenzie Realty Capital Inc (MKZR) reported a third-quarter loss of $0.47 per share, compared to a loss of $0.26 per share a year ago, with an RSI value of 24.5 [6] - The stock of MacKenzie Realty Capital fell approximately 26% over the past month, closing at $0.64, with a 52-week low of $0.60 [6] - La Rosa Holdings (LRHC) announced an 80-for-1 reverse stock split, with an RSI value of 17.6, and its stock fell around 43% over the past five days, closing at $0.080 [6]