SplitApr 30, 2026, 11:47 AM
FCHL Announces 30-for-1 Reverse Stock Split for Nasdaq Compliance
AI Summary
Fitness Champs Holdings Limited announced its board of directors approved a 30-for-1 reverse stock split, or share consolidation, effective May 4, 2026. This action is intended to bring the company into compliance with Nasdaq's minimum bid price requirement. As a result, the number of outstanding Class A ordinary shares will be reduced from approximately 36.95 million to 1.23 million, and Class B shares from 580,524 to 19,351, with no fractional shares issued.
Key Highlights
- FCHL board approved a 30-for-1 share consolidation on March 24, 2026.
- The share consolidation aims to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2).
- Marketplace effective date for the split-adjusted trading is May 4, 2026.
- Class A ordinary shares will trade under the same symbol "FCHL" with a new CUSIP G3580P307.
- Issued and outstanding Class A shares will reduce from 36,950,899 to approximately 1,231,697.
- Issued and outstanding Class B shares will reduce from 580,524 to approximately 19,351.
- No fractional shares will be issued; shareholders will receive one whole share in lieu of any fractional share.