SplitApr 28, 2026, 06:52 AM
UK Announces 1-for-10 Reverse Share Split Effective April 29
AI Summary
Ucommune International Ltd (UK) announced a 1-for-10 reverse share split, approved by its board of directors on March 25, 2026. This action, effective at 5:00 P.M. on April 29, 2026, aims to consolidate the company's shares. Trading on a split-adjusted basis will commence on the Nasdaq Capital Market on April 30, 2026, under a new CUSIP number G9449A142. The reverse split will reduce the total outstanding ordinary shares from approximately 6.78 million to about 0.68 million.
Key Highlights
- Ucommune International Ltd (UK) approved a 1-for-10 reverse share split.
- The reverse share split will be effective at 5:00 P.M. on April 29, 2026.
- Split-adjusted trading on Nasdaq Capital Market will begin on April 30, 2026.
- The Class A Ordinary Shares will trade under new CUSIP number: G9449A142.
- Outstanding ordinary shares will reduce from 6,779,498 to approximately 677,951.
- No fractional shares will be issued; shareholders entitled to a fractional share will receive one full share.