SplitJul 21, 2026, 08:06 AM
Tianci International Implements 1-for-10 Reverse Stock Split
AI Summary
Tianci International, Inc. implemented a 1-for-10 reverse stock split, effective July 20, 2026, to maintain compliance with Nasdaq's minimum bid price requirement. This action reduced the company's outstanding common shares from 9,673,907 to 967,391, with fractional shares rounded up. Additionally, the exercise price of outstanding warrants was adjusted from $0.81 to $8.1 per share, and the number of shares underlying these warrants was proportionally reduced, with further adjustments based on the Event Market Price.
Key Highlights
- Implemented a 1-for-10 reverse stock split, effective July 20, 2026.
- Outstanding common shares reduced from 9,673,907 to 967,391.
- Purpose is to maintain compliance with Nasdaq's minimum $1.00 bid price requirement.
- Fractional shares resulting from the split were rounded up to the nearest whole share.
- Exercise price of Common Warrants adjusted from $0.81 to $8.1 per share.
- Number of shares for Common Warrants adjusted from 6,055,000 to 605,500.
- Event Market Price for warrant adjustment set at $3.0874 as of July 20, 2026.
Price Impact
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