SplitJul 15, 2026, 06:11 AM
707 Cayman Holdings Completes 1-for-12 Share Consolidation
AI Summary
707 Cayman Holdings Limited completed a 1-for-12 share consolidation on July 14, 2026, to ensure ongoing compliance with Nasdaq's minimum bid price rule and maintain its listing. As a result, the number of outstanding Class A ordinary shares decreased from 7,660,968 to approximately 638,414, and Class B ordinary shares from 390,300 to 32,535. The company's shares began trading on a split-adjusted basis under the same symbol "JEM" but with a new CUSIP number.
Key Highlights
- Completed a 1-for-12 share consolidation effective July 14, 2026.
- Objective is to comply with Nasdaq Marketplace Rule 5550(a)(2) for continued listing.
- Class A ordinary shares reduced from 7,660,968 to approximately 638,414.
- Class B ordinary shares reduced from 390,300 to 32,535.
- Trading on Nasdaq Capital Market under new CUSIP number G8071C137.
- No fractional shares will be issued to shareholders.
Price Impact
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