SplitMay 26, 2026, 09:03 AM
Republic Power Group Announces 1-for-40 Reverse Share Split
AI Summary
Republic Power Group Ltd announced a 1-for-40 reverse share split for its Class A and Class B ordinary shares, effective May 28, 2026. The Class A Ordinary Shares will begin trading on a split-adjusted basis on Nasdaq under the same symbol "RPGL" with a new CUSIP. This action is intended to help the company regain compliance with Nasdaq's minimum $1.00 bid price requirement, reducing outstanding Class A shares from over 42 million to approximately 1 million.
Key Highlights
- Republic Power Group to effect a 1-for-40 reverse share split for Class A and Class B ordinary shares.
- The reverse share split will be effective at the open of business on May 28, 2026.
- Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis on Nasdaq.
- The new par value for Class A Ordinary Shares will be $0.5 per share.
- The action is intended to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
- Issued and outstanding Class A shares will reduce from 42,595,614 to approximately 1,064,891.
- Fractional share interests will be rounded up to the nearest whole number of Class A Ordinary Shares.
Price Impact
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