SplitMay 26, 2026, 04:14 PM
HiTek Global Announces 1-for-3 Reverse Stock Split
AI Summary
HiTek Global Inc. announced a 1-for-3 reverse stock split for its Class A Ordinary Shares, effective May 29, 2026. Trading on a split-adjusted basis will commence on the Nasdaq Capital Market under the existing symbol "HKIT" with a new CUSIP number G45139121. The number of Class A Ordinary Shares outstanding is expected to decrease from 2,324,420 to 774,807, and the par value per share will change from $0.005 to $0.015. This action follows shareholder authorization from November 2025 and Board approval on May 4, 2026.
Key Highlights
- HiTek Global Inc. announced a 1-for-3 reverse stock split for its Class A Ordinary Shares.
- The split-adjusted trading on Nasdaq under symbol "HKIT" will begin on May 29, 2026.
- The new CUSIP number for Class A Ordinary Shares following the split will be G45139121.
- Prior to the split, there were 2,324,420 Class A Ordinary Shares outstanding; after, 774,807 are expected.
- The par value of each Class A Ordinary Share will change from $0.005 to $0.015.
- Shareholders authorized the Board to effect reverse splits at the November 24, 2025, AGM.
- The Board approved this specific reverse split on May 4, 2026.
- Any fractional shares will be rounded up to the nearest whole share.
Price Impact
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