Corporate ActionJun 1, 2026, 04:30 PM
WF International Announces 10-for-1 Share Consolidation
AI Summary
WF International announced a 10-for-1 share consolidation, approved by its board and shareholders, effective June 4, 2026, to maintain its Nasdaq listing. This action will reduce outstanding shares from 11,268,745 to approximately 1,126,875 and change the par value. Additionally, the company issued 1,020,408 ordinary shares, valued at $500,000, to Ironnexus Limited for consulting services, subject to an 18-month lock-up.
Key Highlights
- WF International approved a 10-for-1 share consolidation.
- Post-consolidation trading on Nasdaq is expected to commence on June 4, 2026.
- Outstanding shares will reduce from 11,268,745 to approximately 1,126,875.
- Par value will change from $0.000001 to $0.00001 per share.
- Company issued 1,020,408 ordinary shares to Ironnexus for consulting services.
- Shares issued to Ironnexus are valued at $500,000.
- Issued shares to Ironnexus are subject to an 18-month lock-up.
Price Impact
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