SplitJul 1, 2026, 11:36 AM
Creative Global Technology Announces 1-for-15 Reverse Stock Split
AI Summary
Creative Global Technology Holdings Limited announced that its Board of Directors approved a 1-for-15 reverse stock split for its Class A and Class B Ordinary Shares. The reverse split is anticipated to become effective on July 6, 2026, with split-adjusted trading on Nasdaq commencing on July 7, 2026. This action is intended to help the company regain compliance with Nasdaq's minimum bid price requirement.
Key Highlights
- Board of Directors approved a 1-for-15 reverse stock split for Class A and Class B Ordinary Shares on June 16, 2026.
- The reverse stock split is expected to be effective on July 6, 2026.
- Trading on a split-adjusted basis on Nasdaq will begin on July 7, 2026.
- The company's Class A Ordinary Shares will continue to trade under the symbol "CGTL".
- A new CUSIP G2563P110 will be used for the split-adjusted shares.
- The reverse split aims to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
Price Impact
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