SplitMay 22, 2026, 10:53 AM
Cuprina Holdings Announces 1-for-8 Share Consolidation
AI Summary
Cuprina Holdings announced a 1-for-8 share consolidation of its Class A and Class B ordinary shares, effective around May 27, 2026. This move aims to help the biomedical company regain compliance with Nasdaq listing requirements and maintain its presence on the Nasdaq Capital Market. Post-consolidation, shares will trade under the same symbol "CUPR" but with a new CUSIP number. The consolidation, approved by both the board and shareholders, will convert eight existing shares into one new share, with fractional shares rounded up.
Key Highlights
- Cuprina Holdings plans a 1-for-8 share consolidation of its Class A and Class B ordinary shares.
- The share consolidation is effective on or around May 27, 2026.
- The objective is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
- Post-consolidation, shares will trade under the same symbol CUPR with a new CUSIP G2592E110.
- Every eight existing shares (par value US$0.001) will convert into one new share (par value US$0.008).
- Fractional shares resulting from the consolidation will be rounded up to the next whole number.
- The action was approved by the board on April 21, 2026, and shareholders on May 14, 2026.
Price Impact
More from CUPR