SplitJun 10, 2026, 09:01 AM
Aeries Technology Announces 1-for-8 Share Consolidation
AI Summary
Aeries Technology, Inc. announced a one-for-eight share consolidation of its Class A ordinary shares, effective June 12, 2026. This corporate action is intended to increase the per-share trading price and help the company maintain compliance with the Nasdaq Capital Market's minimum bid price requirement. The consolidation will reduce the number of outstanding shares from approximately 45.9 million to 5.7 million, with proportionate adjustments to equity awards and a new CUSIP number.
Key Highlights
- Aeries Technology's Board approved a one-for-eight (1:8) share consolidation.
- The consolidation becomes effective at 12:01 a.m. ET on June 12, 2026.
- Split-adjusted trading on Nasdaq will commence on June 12, 2026, under new CUSIP G0136H128.
- The action aims to increase the per-share trading price and maintain Nasdaq listing compliance.
- Outstanding Class A ordinary shares will reduce from approx. 45,914,789 to 5,739,349.
- Authorized Class A ordinary shares will decrease from 500,000,000 to 62,500,000.
- Fractional shares resulting from the consolidation will be rounded up to the next whole number.
- Proportionate adjustments will be made to all outstanding equity awards.
Price Impact
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