SplitAug 13, 2026, 05:08 PM
Recon Technology Announces 1-for-200 Reverse Stock Split
AI Summary
Recon Technology, Ltd announced a 1-for-200 share consolidation of its Class A Ordinary Shares, effective August 18, 2026. This action, approved by the Board and authorized by shareholders, aims to increase the per-share trading price and support the company's continued listing on the Nasdaq Capital Market. Following the consolidation, the number of outstanding Class A shares will decrease from approximately 192.6 million to 963,224, and the authorized Class A shares will be adjusted from 3 billion to 15 million with a higher par value. Fractional shares will be rounded up, and Class B Ordinary Shares remain unaffected.
Key Highlights
- Board approved a 1-for-200 share consolidation of Class A Ordinary Shares.
- Consolidation becomes effective on August 18, 2026.
- New CUSIP number G7415M140 will be used for Class A shares.
- Authorized Class A shares will change from 3,000,000,000 to 15,000,000.
- Par value of Class A shares will change from $0.0001 to $0.02.
- Outstanding Class A shares will reduce from 192,644,726 to approximately 963,224.
- Fractional entitlements will be rounded up to the next whole Class A Ordinary Share.
- Class B Ordinary Shares will not be affected by the consolidation.
Price Impact
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