JIANGYIN, China, March 24, 2026 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced that it intends to effect a reverse share split of its ordinary shares on a 1-for-100 basis (the “Reverse Share Split”). The Company’s Class A ordina ...

Core Viewpoint - InterCure Ltd. has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement, as its ordinary shares have been trading below $1.00 for 30 consecutive business days [1][5]. Compliance Period - The company has been granted a 180-calendar day compliance period until August 24, 2026, to regain compliance by ensuring the closing bid price meets or exceeds $1.00 for at least 10 consecutive business days [2][3]. Additional Compliance Options - If compliance is not achieved by the deadline, the company expects to qualify for an additional 180-calendar day compliance period, contingent upon submitting a transfer application and meeting other listing requirements [3]. Strategic Measures - The company plans to monitor its share price and may consider a reverse share split, pending necessary approvals, as part of its strategy to regain compliance [4]. Business Overview - InterCure, operating as Canndoc, is a leading and profitable cannabis company outside North America, recognized as Israel's largest licensed cannabis producer with a high-margin vertically integrated model [6].

Core Viewpoint - Multi Ways Holdings Limited has announced a reverse share split of its Class A and Class B ordinary shares on a one-for-ten basis, effective February 23, 2026, to increase the market price per share and maintain its NYSE American listing [1][2]. Share Structure Changes - Each ten issued and outstanding Class A ordinary shares will be combined into one Class A ordinary share, and each ten Class B ordinary shares will be combined into one Class B ordinary share [2]. - The par value of shares will increase from US$0.00025 to US$0.0025, with authorized share capital adjusted to US$2,500,000, comprising 800,000,000 Class A shares, 100,000,000 Class B shares, and 1,000,000,000 preferred shares [2]. - Post-split, the company expects to have approximately 4,142,000 Class A ordinary shares and 1,000,000 Class B ordinary shares issued and outstanding [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 split was approved by shareholders at an extraordinary meeting held on November 26, 2025 [3]. Company Overview - Multi Ways Holdings Limited is a supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience [5]. - The company serves customers from various regions, including Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [5].

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].

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].

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].

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].

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].

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]

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]