SplitApr 16, 2026, 07:01 AM
EShallgo Inc. Announces 1-for-16 Reverse Stock Split
AI Summary
EShallgo Inc. announced a 1-for-16 reverse stock split for its Class A and Class B ordinary shares, effective April 20, 2026. This action aims to help the company comply with Nasdaq's minimum bid price requirement of $1.00 per share. Post-split, Class A shares will reduce from approximately 26.51 million to 1.66 million, and Class B shares from 5.86 million to 0.37 million, without altering shareholders' percentage ownership.
Key Highlights
- 1-for-16 reverse stock split effective April 20, 2026.
- Aims to meet Nasdaq's $1.00 minimum bid price rule.
- Class A shares reduce from ~26.51M to ~1.66M.
- Class B shares reduce from ~5.86M to ~0.37M.
- Shareholders' percentage ownership remains unchanged.