SplitMay 4, 2026, 04:38 PM
Inno Holdings Announces 1-for-20 Reverse Stock Split
AI Summary
Inno Holdings Inc. announced a 1-for-20 reverse stock split, effective May 4, 2026, to support its ongoing compliance with Nasdaq's minimum bid price requirement. The split reduced the number of issued and outstanding common shares from 50,413,224 to 2,520,662, with fractional shares rounded up. The company's common stock will continue to trade on Nasdaq under the symbol "INHD" on a split-adjusted basis.
Key Highlights
- Inno Holdings Inc. implemented a 1-for-20 reverse stock split.
- The reverse stock split became effective on May 4, 2026, at 09:30 a.m. ET.
- The action aims to support ongoing compliance with Nasdaq's minimum bid price requirement.
- Issued and outstanding shares were reduced from 50,413,224 to 2,520,662.
- Fractional shares resulting from the split were rounded up to the next whole number.
- The new CUSIP number for the common stock following the split is 4576JP406.
- The par value and the number of authorized shares remain unchanged.
Price Impact
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