Reverse share split
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CCSC Technology International Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-12-19 21:05
Core Viewpoint - CCSC Technology International Holdings Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market [1][2]. Group 1: Compliance Notification - The company was notified on December 17, 2025, that it does not meet the minimum bid price requirement of US$1.00 per share, as its Class A ordinary shares' closing bid price fell below this threshold for 30 consecutive business days from November 4, 2025, to December 16, 2025 [1][2]. - The company has until June 15, 2026, to regain compliance by ensuring its Class A ordinary shares have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days [3]. Group 2: Business Operations - The receipt of the Notification Letter does not impact the company's business operations, and it intends to monitor the closing bid price of its shares [3][4]. - The company may consider options such as implementing a reverse share split to regain compliance with the minimum bid price requirement [4]. Group 3: Company Overview - CCSC Technology International Holdings Limited is based in Hong Kong and specializes in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses [5]. - The company serves a diversified global customer base across more than 25 countries in various industries, including industrial, automotive, robotics, medical equipment, and telecommunications [5].
VisionSys AI Inc Announces 1-For-50 Reverse Share Split
Globenewswire· 2025-12-18 15:50
Core Viewpoint - VisionSys AI Inc. will implement a reverse share split of its ordinary shares and American Depositary Shares (ADSs) at a ratio of 1-for-50, effective December 22, 2025, aiming to increase the per-ADS market value proportionately [1][2]. Share Split Details - The reverse share split will adjust the par value of the Ordinary Shares from $0.00002 to $0.001 per share [2]. - The total number of issued and outstanding Ordinary Shares will decrease from approximately 27.7 billion to about 554.4 million, with Class A Ordinary Shares reducing from approximately 27.4 billion to about 547.1 million and Class B Ordinary Shares from 360.3 million to about 7.2 million [4]. - Each ADS will continue to represent 250 underlying Class A Ordinary Shares, but the total number of ADSs will be reduced proportionately [2]. Exchange Process - Holders of certificated ADSs must surrender their ADSs for cancellation to receive one new ADS for every fifty existing ADSs [2]. - Uncertificated ADS holders will have their ADSs automatically exchanged without any action required [2]. - No fractional shares will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. Company Overview - VisionSys AI Inc. specializes in brain-machine interaction technologies and aims to advance AI-powered healthcare and biotech solutions [7].
Paranovus Entertainment Technology Limited Announces 1-For-100 Reverse Share Split
Prnewswire· 2025-12-16 14:00
Core Viewpoint - Paranovus Entertainment Technology Limited will implement a reverse share split of its Class A ordinary shares at a ratio of 1-for-100, effective December 18, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2][4]. Share Split Details - The reverse share split will adjust the par value of Class A ordinary shares from $0.01 to $1.00 per share, and the number of outstanding shares will decrease from 350 million to approximately 3.5 million [2][3]. - Following the split, shares are expected to trade at approximately 100 times their pre-split price, although the company cannot guarantee this price will be maintained [2][3]. Shareholder Instructions - No fractional shares will be issued; fractional interests will be rounded up to the nearest whole share [3]. - VStock Transfer LLC will act as the exchange agent, providing instructions for shareholders regarding the exchange of pre-split share certificates [5]. Company Background - Paranovus focuses on e-commerce and TikTok-related e-commerce solutions, having exited its legacy businesses in September 2023 and ceased its automobile sales business in July 2024 [6]. - The company completed the acquisition of Bomie Wookoo Inc. in March 2025, enhancing its strategic transformation [6].
Clearmind Medicine Announces 1-for-40 Reverse Share Split
Globenewswire· 2025-12-10 21:15
Core Viewpoint - Clearmind Medicine Inc. will conduct a reverse share split at a ratio of 1-for-40 to regain compliance with the Nasdaq Minimum Bid Price Rule, effective December 15, 2025 [1][2]. Group 1: Reverse Share Split Details - The reverse share split was approved by the Company's board of directors on November 12, 2025 [2]. - Following the reverse split, the number of issued and outstanding Common Shares will decrease from 59,991,852 to 1,499,796 [3]. - No fractional Common Shares will be issued; all fractional shares will be rounded up to the nearest whole share [4]. Group 2: Company Overview - Clearmind is a clinical-stage biotech company focused on developing novel neuroplastogen-derived therapeutics for under-treated health issues, including alcohol use disorder [5]. - The Company holds an intellectual property portfolio consisting of nineteen patent families and 31 granted patents, with plans to seek additional patents as needed [5].
Mingzhu Logistic Limited Announces 1-For-16 Reverse Share Split
Globenewswire· 2025-11-07 21:05
Core Viewpoint - Mingzhu Logistics Holdings Limited will implement a reverse share split at a ratio of 1-for-16, effective November 12, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2][4]. Group 1: Reverse Share Split Details - The reverse share split will adjust the par value of the Ordinary Shares from $0.008 to $0.128 per share [2]. - The number of issued and outstanding shares will decrease from approximately 76.7 million to approximately 4.8 million [4]. - No fractional shares will be issued; fractional interests will be rounded up to the nearest whole share [3]. Group 2: Shareholder Instructions - VStock Transfer, LLC is designated as the exchange agent and will provide instructions for shareholders holding certificates regarding the exchange process [5][6]. - Shareholders in book-entry form or brokerage accounts do not need to take any action for the reverse share split [5]. Group 3: Company Overview - Mingzhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a professional trucking service provider with a 4A rating [7]. - The company offers tailored logistics solutions through a combination of self-owned and subcontracted fleets, focusing on regional logistics in Guangdong Province [7].
Havila Kystruten AS: Key information relating to reverse share split and change of ISIN for the shares
Globenewswire· 2025-11-07 10:26
Core Points - The extraordinary general meeting of Havila Kystruten AS has approved a reverse share split in the ratio of 50:1 [1] - Shareholders with a number of shares not divisible by 50 will have their holdings rounded down, and fractional shares will be sold with proceeds donated to charity [2] - The shares will be transferred to a new ISIN following the reverse share split, with key dates and information provided [3] Group 1 - The reverse share split will consolidate 50 old shares into one new share [1][3] - The last day to hold shares with the right to the reverse split is November 10, 2025, and the first day without the right is November 11, 2025 [3] - The previous ISIN is NO 0011045429, and the new ISIN will be NO 0013696799 effective from November 12, 2025 [3]
iOThree Limited Announces 1-for-10 Reverse Share Split
Globenewswire· 2025-11-06 13:00
Core Points - iOThree Limited has announced a one-for-ten reverse share split of its ordinary shares, class A shares, and preferred shares, effective November 10, 2025 [1][2] - The reverse share split aims to increase the per share trading price to meet the $1.00 minimum bid price requirement for continued listing on NASDAQ [3] Company Overview - iOThree Limited is a leading provider of maritime digital technologies, offering solutions to optimize vessel operations, enhance safety, and improve efficiency [4]
Notice of Extraordinary General Meeting in Fingerprint Cards AB (publ)
Globenewswire· 2025-07-16 10:52
Group 1 - The Extraordinary General Meeting (AGM) of Fingerprint Cards AB is scheduled for August 18, 2025, at 10:00 a.m. in Stockholm [1] - Shareholders can participate in the AGM either in person, through a proxy, or by postal voting [2] - Shareholders must register their shares in their own name by August 8, 2025, to be eligible to participate [3] Group 2 - Shareholders wishing to attend in person or via proxy must notify the company by August 12, 2025 [4] - A proxy form is available on the company's website, and a power of attorney must be provided for proxy voting [5] - Postal voting can be conducted electronically, via email, or by regular mail, with a deadline of August 12, 2025 [6][8][9] Group 3 - The proposed agenda for the AGM includes the election of a Chairman, approval of the voting list, and several resolutions regarding share structure [13][14] - The Board of Directors proposes to revoke a previous resolution regarding a reverse share split due to technical issues [16][17] - A new proposal for a reverse share split is suggested, consolidating 2,000 existing shares into one new share, which will reduce the total number of shares significantly [23] Group 4 - The total number of shares in the company is currently 15,175,375,766, with 15,246,250,766 total votes [31] - The company holds 3,800,000 of its own B-shares [31] - Documentation related to the AGM will be available on the company's website three weeks prior to the meeting [30]
Fingerprint Cards AB (publ) updates on upcoming reverse share split
GlobeNewswire News Room· 2025-07-16 10:10
Core Viewpoint - Fingerprint Cards AB (FPC) has announced a revised plan for a reverse share split due to unforeseen technical issues that prevented the initial execution of the split [1][2][4]. Group 1: Reverse Share Split Details - The initial reverse share split was halted because the estimated number of shares required for rounding up shareholders' holdings was significantly underestimated, leading to potential costs for the company [2]. - The Board of Directors proposed a new method called the "rounding down-method," where excess Class B shares will be transferred to the company's ownership, and shareholders will receive cash compensation for any excess shares [3]. - The reverse share split will occur at a ratio of 1:2,000, reducing the total number of shares from 15,175,375,766 to 7,587,687 shares, while maintaining class-specific rights and characteristics [3][4]. Group 2: Company Background and Future Plans - The reverse share split is part of FPC's strategy to align its operational and financial progress with growth initiatives and to achieve an appropriate number of shares [4]. - The company plans to execute the reverse share split in the third quarter of 2025, with further details to be announced in a separate press release [4].
Fingerprint Cards AB (publ) updates on upcoming reverse share split
Globenewswire· 2025-07-16 10:10
Core Viewpoint - Fingerprint Cards AB (FPC) has encountered unforeseen technical issues that have delayed the planned reverse share split, which was initially set for July 11, 2025 [1][2]. Group 1: Reverse Share Split Details - The reverse share split will occur at a ratio of 1:2,000, meaning shareholders will receive one new share for every two thousand existing shares [4]. - After the reverse share split, the total number of shares will decrease from 15,175,375,766 to 7,587,687 shares, and the total votes will decrease from 15,246,250,766 to 7,623,120 votes [4]. - The Board of Directors has proposed a revised method for the reverse share split, utilizing a "rounding down-method" to avoid economic loss for shareholders [3]. Group 2: Financial and Operational Context - The reverse share split is part of FPC's strategy to align its share structure with its operational and financial progress, facilitating continued growth initiatives [5]. - The company intends to execute the reverse share split in the third quarter of 2025, with further details to be announced in a separate press release [5]. Group 3: Shareholder Implications - Shareholders holding fewer than 2,000 shares will have their holdings rounded down to zero and will no longer be shareholders in FPC [7]. - Eligible shareholders will receive cash compensation for any excess shares after the reverse share split [3].