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EPWK Holdings Ltd. Announces 40 for 1 Share Consolidation
Prnewswireยท 2025-11-13 11:30
Core Points - The company, EPWK Holdings Ltd., announced a share consolidation on a 40 for 1 ratio to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq [2][4] - The effective date for the share consolidation is November 17, 2025, and the Class A ordinary shares will trade on a split-adjusted basis under the same symbol "EPWK" but with a new CUSIP number [2][3] - Following the consolidation, the authorized share capital will change significantly, reducing the number of Class A ordinary shares from approximately 144.5 million to about 3.6 million and Class B ordinary shares from approximately 3.6 million to about 88,900 [4] Company Overview - EPWK Holdings Ltd. connects businesses with talent through an innovative crowdsourcing platform, providing services for small and medium-sized enterprises [5] - The company was founded by Guohua Huang and operates through subsidiaries and contractual arrangements in China [5]