SplitMay 26, 2026, 04:39 PM
Yueda Digital to Vote on Reverse Split, Capital Restructuring
AI Summary
Yueda Digital Holding will hold an Extraordinary General Meeting on June 13, 2026, to approve a comprehensive share capital restructuring. This includes a reverse stock split (share consolidation) at a ratio of 1-for-5 to 1-for-100 to meet Nasdaq listing requirements, a reduction in par value to create a distributable reserve for accumulated losses, and a substantial increase in authorized share capital for future financing flexibility. Shareholders will also consider amending the company's M&A and approving the issuance of 500,000 Class B shares to CEO Qirui Dou for $500,000.
Key Highlights
- Shareholders to vote on a reverse stock split (share consolidation) at a 1-for-5 to 1-for-100 ratio.
- Proposal to reduce par value of shares from US$4.00 to US$0.0001 to create a distributable reserve.
- Authorized share capital to increase from US$1,000 to US$40,000,000 after initial reduction.
- Board seeks approval to issue 500,000 Class B shares to CEO Qirui Dou for US$500,000.
- Restructuring aims to meet Nasdaq minimum bid price requirements and provide capital flexibility.
Price Impact
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