SplitAug 5, 2026, 09:11 AM
Li Bang International 1-for-200 Share Consolidation Effective
AI Summary
Li Bang International Corp Inc. announced the effectiveness of a 1-for-200 reverse share consolidation for its Class A and Class B ordinary shares, which began trading on a consolidation-adjusted basis on Nasdaq on August 3, 2026. This action was approved by shareholders and the board to ensure compliance with Nasdaq's minimum bid price requirement. The consolidation resulted in a change in the company's authorized share capital and par value, with fractional shares rounded up to the next whole ordinary share.
Key Highlights
- 1-for-200 reverse share consolidation of Class A and Class B ordinary shares.
- Share Consolidation became effective on August 3, 2026, on Nasdaq.
- New CUSIP number for Class A ordinary shares is G5480M128.
- Purpose is to ensure continued compliance with Nasdaq minimum bid price requirement.
- Authorized share capital changed to $35,000, divided into 15,750,000 Class A and 1,750,000 Class B shares.
- Par value changed from $0.00001 to $0.002 per share.
- Pre-consolidation: 119,643,455 Class A and 154,360 Class B shares outstanding.
- Post-consolidation: approximately 598,218 Class A and 772 Class B shares outstanding.
Price Impact
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