SplitApr 29, 2026, 05:32 PM
INHD Announces 1-for-20 Reverse Stock Split Effective May 4
AI Summary
INNO HOLDINGS INC. announced that its Board of Directors has approved a 1-for-20 reverse stock split of its common stock, effective May 4, 2026. This action, authorized by stockholders on March 2, 2026, aims to help the company maintain compliance with Nasdaq's minimum bid price requirement. The split will reduce the number of issued and outstanding shares from 50,413,224 to 2,520,662, with fractional shares rounded up.
Key Highlights
- Board approved a 1-for-20 reverse stock split.
- The reverse stock split will become effective on May 4, 2026, at 09:30 a.m. Eastern Time.
- Outstanding common shares will decrease from 50,413,224 to 2,520,662.
- The new CUSIP number for the common stock will be 4576JP406.
- The split is a proactive measure to support Nasdaq's continued listing requirements, including the minimum bid price.
- No fractional shares will be issued; entitlements will be rounded up.
- The par value and the number of authorized shares (1 billion) will remain unchanged.