SplitApr 30, 2026, 11:51 AM
FCHL to Effect 30-for-1 Share Consolidation on May 4
AI Summary
Fitness Champs Holdings Limited announced a 30-for-1 reverse stock split, or share consolidation, effective May 4, 2026. This action aims to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2). As a result, the number of outstanding Class A and Class B ordinary shares will be significantly reduced, with no fractional shares issued.
Key Highlights
- FCHL board approved a 30-for-1 share consolidation on March 24, 2026.
- The share consolidation will be effective on May 4, 2026.
- Objective is to comply with Nasdaq Marketplace Rule 5550(a)(2).
- Class A ordinary shares will reduce from 36,950,899 to approximately 1,231,697.
- Class B ordinary shares will reduce from 580,524 to approximately 19,351.
- No fractional shares will be issued; shareholders receive one share in lieu of fractional shares.
- Shares will trade under the same symbol "FCHL" with a new CUSIP number G3580P307.
Price Impact
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