SplitApr 29, 2026, 07:02 AM
TLIH Announces 1-for-10 Reverse Stock Split to Maintain Nasdaq Listing
AI Summary
Ten-League International Holdings Limited announced a one-for-ten reverse stock split of its ordinary shares, approved by its board on April 6, 2026, and shareholders on April 13, 2026. The post-split shares will begin trading on Nasdaq on May 1, 2026, under a new CUSIP number. This action is intended to increase the market price per share to help the company maintain its Nasdaq listing. The par value will increase, and outstanding shares are expected to be approximately 2,940,435 after the split.
Key Highlights
- Board approved 1-for-10 reverse stock split on April 6, 2026.
- Shareholders approved reverse split on April 13, 2026.
- Post-split trading on Nasdaq begins May 1, 2026, under new CUSIP G8763W201.
- Par value increases from $0.000025 to $0.00025 per share.
- Expected outstanding shares post-split: approximately 2,940,435.
- Purpose: Increase market price to maintain Nasdaq listing.
- Fractional shares will be rounded up to the nearest whole share.