Armlogi Holding Corp.

Armlogi Holding Corp. announced a 1-for-16 reverse stock split of its common stock, effective for trading on October 15, 2026. The split will reduce the number of authorized shares from 100,000,000 to 6,250,000 and increase the par value. Fractional shares will be rounded up to the nearest whole share, with no cash payments for fractions. The company filed a Certificate of Change with the Secretary of State of Nevada to effect this change.

Armlogi Holding Corp. has implemented operational readiness initiatives across its fulfillment network in preparation for the summer peak commerce season. These efforts include expanded operating schedules, enhanced shift coverage, ongoing investments in equipment and infrastructure, and optimization of fulfillment processes. The goal is to support anticipated increases in cross-border e-commerce activity and maintain high service standards for its over 600 merchant clients.

Armlogi Holding Corp. announced the implementation of new internal financial reporting and management infrastructure initiatives. These efforts aim to enhance management visibility, strengthen budgeting discipline, and improve cross-functional coordination. Key initiatives include standardizing cash flow reporting, increasing monitoring frequency, and developing a cross-functional cash flow forecasting process. Additionally, the company is building a headcount utilization analysis framework and reviewing labor allocation to support stronger resource planning. These investments are intended to support Armlogi's continued growth as a public company, which currently spans 3.9 million square feet across 12 facilities.

Armlogi Holding Corp. reported a net loss of $5.07 million for the three months ended March 31, 2026, an increase from $3.76 million in the prior year. For the nine months, the net loss widened to $15.44 million from $10.06 million. The company's financial statements include a going concern warning, citing significant net losses, negative operating cash flow, and accumulated deficits. Revenue for the three months decreased to $41.68 million, while nine-month revenue saw a slight increase to $142.69 million. Management is implementing cost optimization and seeking additional financing to address these challenges.

Armlogi Holding Corp. reported a 9.1% decrease in total revenue to $41.7 million for the third quarter of fiscal year 2026, with a net loss widening to $5.1 million. For the first nine months, total revenue increased 2.3% to $142.7 million, but the net loss expanded to $15.4 million. The company saw strong growth in warehousing services but faced headwinds in transportation services due to market shifts and incurred temporary labor costs for inventory reorganization.

Armlogi Holding Corp. reported a net loss of $15.4 million for the first nine months of fiscal year 2026, widening from a $10.1 million loss in the prior-year period. While nine-month total revenue increased 2.3% to $142.7 million, driven by 19.9% growth in warehousing services, the third quarter saw a 9.1% revenue decrease to $41.7 million and a net loss of $5.1 million. The company experienced a gross loss in Q3 due to temporary labor costs for inventory reorganization, and transportation services revenue declined reflecting a shift in customer mix.

Armlogi Holding Corp. has been approved to transfer its common stock listing from The Nasdaq Global Market to The Nasdaq Capital Market, effective May 8, 2026. This transfer grants the company an additional 180-day period, until November 2, 2026, to regain compliance with Nasdaq's minimum $1.00 bid price requirement. The company also resolves its non-compliance with the Market Value of Publicly Held Shares requirement upon this transfer and plans to consider a reverse stock split if needed to meet the bid price rule.

Armlogi Holding Corp. provided an update on its internal middle-mile transportation initiative, designed to enhance service levels for its 600+ active merchant clients and improve operational utilization. The company is leveraging its internal network to boost transfer speed, predictability, and routing flexibility, transitioning from outsourced to internally managed logistics. This initiative, currently focused in Southern California, plans to expand into Northern California, Nevada, and Arizona, with the potential to evolve into a broader logistics platform.

Armlogi Holding Corp. (BTOC) received a notice from Nasdaq on April 17, 2026, indicating non-compliance with the continued listing rule requiring a minimum $5,000,000 Market Value of Publicly Held Shares (MVPHS). The company's MVPHS has been below this threshold for the past 30 consecutive business days. BTOC has a 180-day compliance period, until October 14, 2026, to regain compliance by having its MVPHS close at or above $5,000,000 for at least ten consecutive business days. Failure to do so could result in delisting, though the company may appeal or apply to transfer to The Nasdaq Capital Market.