SplitJul 29, 2026, 06:02 PM
Li Bang International Announces 1-for-200 Reverse Share Split
AI Summary
Li Bang International Corporation Inc. announced its intention to effect a 1-for-200 reverse share split of its ordinary shares. The Class A ordinary shares will begin trading on a post-split basis on August 3, 2026, under a new CUSIP number. This action, approved by shareholders and the board, is being implemented proactively to ensure continued compliance with Nasdaq's minimum bid price requirement. The split will uniformly affect shareholders' percentage interest, with fractional shares rounded up.
Key Highlights
- Company intends to effect a 1-for-200 reverse share split of its ordinary shares.
- Class A ordinary shares will begin trading on a post-split basis on Monday, August 3, 2026.
- New CUSIP number for Class A ordinary shares will be G5480M128.
- The split is to ensure compliance with Nasdaq minimum bid price requirement (Rule 5550(a)(2)).
- Authorized share capital will change to $35,000, divided into 15,750,000 Class A and 1,750,000 Class B ordinary shares.
- Current outstanding shares: 108,127,815 Class A and 154,360 Class B ordinary shares.
- Post-split outstanding shares: approximately 540,640 Class A and 772 Class B ordinary shares.
Price Impact
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