SplitJul 27, 2026, 04:32 PM
Youxin Technology Announces 1-for-5 Share Consolidation
AI Summary
Youxin Technology Ltd announced a 1-for-5 share consolidation of its Class A ordinary shares, effective July 30, 2026. The company's board approved this action to increase the per-share trading price and maintain its NASDAQ Capital Market listing. As a result, the number of outstanding Class A shares will decrease from approximately 33.85 million to 6.77 million, and the authorized Class A shares will be reduced proportionally. Fractional shares will be rounded up to the nearest whole share, and Class B ordinary shares remain unaffected.
Key Highlights
- Board approved a 1-for-5 share consolidation for Class A ordinary shares.
- Consolidation effective date is July 30, 2026, trading on a split-adjusted basis.
- Objective is to increase per-share trading price and support continued NASDAQ listing.
- Class A ordinary shares outstanding reduced from approximately 33.85 million to 6.77 million.
- Authorized Class A ordinary shares reduced from 204.75 million to 40.95 million.
- Par value of Class A ordinary shares increased from US$0.008 to US$0.04.
- No fractional shares will be issued; total shares rounded up to the next whole share.
- Class B ordinary shares are not affected by the consolidation.
Price Impact
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