SplitJul 16, 2026, 08:36 AM
CBL International Announces 1-for-13 Reverse Share Split
AI Summary
CBL International Limited announced a 1-for-13 reverse share split for its Class A and Class B ordinary shares, effective for trading on July 20, 2026. This action is primarily intended to enable the company to regain compliance with Nasdaq's minimum bid price requirement. The split will result in a new CUSIP number for the Class B Ordinary Shares, and any fractional shares will be rounded up to the next whole number.
Key Highlights
- CBL International announced a 1-for-13 reverse share split for its Class A and Class B ordinary shares.
- The reverse share split will become effective for trading on July 20, 2026.
- The primary objective is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price.
- The Class B Ordinary Shares will trade under the same symbol "BANL" but with a new CUSIP G1991X133.
- Fractional shares resulting from the split will be rounded up to the next whole number.
- The par value of each share will change from USD0.0001 to USD0.0013.
- Shareholders approved the split at an extraordinary general meeting on November 26, 2025.
Price Impact
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