SplitAug 3, 2026, 12:41 PM
Park Ha Biological Announces 1-for-8 Reverse Stock Split
AI Summary
Park Ha Biological Technology Co., Ltd. announced a 1-for-8 reverse stock split for its Class A and Class B ordinary shares, effective August 6, 2026. The split, approved by shareholders and the Board on July 13, 2026, will adjust the outstanding shares from 18,764,216 to an expected 2,345,527. Fractional shares will be rounded up, and the company's Class A shares will trade under a new CUSIP number while retaining the "BYAH" ticker. This follows recent issuances of 10 million Class A shares in a private placement and 2.4 million Class A shares under an incentive plan.
Key Highlights
- Park Ha Biological Technology Co., Ltd. announced a 1-for-8 reverse stock split of its Class A and Class B ordinary shares.
- The reverse stock split is expected to become effective on August 6, 2026, with trading on a split-adjusted basis.
- Shareholders and the Board of Directors approved the split on July 13, 2026.
- Pre-split, the company had 18,764,216 ordinary shares outstanding, including 18,383,216 Class A and 381,000 Class B shares.
- Post-split, the company expects to have 2,345,527 ordinary shares outstanding, including 2,297,902 Class A and 47,625 Class B shares.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
- The company recently issued 10,000,000 Class A shares in a private placement and 2,400,000 Class A shares under its 2026 Share Incentive Plan.
- The Class A ordinary shares will continue to trade under the symbol "BYAH" with a new CUSIP number G6925R128.
Price Impact
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