Creative Global Technology Holdings Ltd

Creative Global Technology Holdings Limited announced that its Board of Directors approved a 1-for-15 reverse stock split for its Class A and Class B Ordinary Shares. The reverse split is anticipated to become effective on July 6, 2026, with split-adjusted trading on Nasdaq commencing on July 7, 2026. This action is intended to help the company regain compliance with Nasdaq's minimum bid price requirement.

Creative Global Technology Holdings Ltd (CGTL) announced it received a notification from Nasdaq on June 26, 2026, indicating non-compliance with the minimum bid price requirement. The company's ordinary shares traded below $1.00 for 30 consecutive business days. CGTL has a 180-calendar-day compliance period, until December 23, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. Failure to comply may lead to an additional grace period, potentially requiring a reverse stock split.

Creative Global Technology Holdings Ltd. held an Extraordinary General Meeting (EGM) and a Class B Meeting on June 12, 2026, where shareholders approved several key corporate actions. These included an increase in Class B Ordinary Share voting rights from 20 to 100 votes per share, a significant increase in authorized share capital from US$2 million to US$90 million, and a reduction in par value from US$0.001 to US$0.00001 per share. Additionally, shareholders approved up to five share consolidations at a ratio of up to 1:1500 and the adoption of the Third Amended and Restated Memorandum and Articles of Association. All proposals received strong shareholder support, and the company expects to file the amended charter within 15 days, with Class A Ordinary Shares continuing to trade on Nasdaq.

Creative Global Technology Holdings Ltd (CGTL) announced an Extraordinary General Meeting (EGM) on June 12, 2026, to vote on several significant corporate actions. Key proposals include increasing Class B Ordinary Share voting rights from 20 to 100 votes per share, which would boost founder Shangzhao Hong's voting power from 91.25% to 98.11%. The company also seeks to increase its authorized share capital from $2 million to $90 million, reduce the par value of shares from $0.001 to $0.00001, and approve up to five share consolidations (reverse stock splits) at a ratio of up to 1:1500. These changes, if approved, will significantly alter the company's capital structure and shareholder control.

Creative Global Technology Holdings Ltd. has proposed significant corporate actions, including a variation of Class B ordinary share rights to increase voting power from 20 to 100 votes per share while removing dividend rights. The company also plans a share restructuring involving an increase in authorized share capital from US$2 million to US$90 million, immediately followed by a reduction to US$900,000 by decreasing the par value of both Class A and Class B shares. Additionally, the board approved a proposed share consolidation (reverse stock split) of up to 1:1500, to be implemented at the board's discretion within two years, all subject to shareholder and Class B holder approvals.

Creative Global Technology Holdings Ltd. announced several proposed corporate actions, including a variation of Class B ordinary share rights, a comprehensive share capital restructuring, and a potential share consolidation. The Class B shares are proposed to have their voting rights increased from 20 to 100 votes per share, while their dividend rights would be removed. The company also plans to increase its authorized share capital from $2 million to $90 million, immediately followed by a reduction to $900,000 by decreasing the par value of both Class A and Class B shares. Additionally, the Board approved a proposal for up to five share consolidations (reverse stock splits) at a ratio of up to 1:1500, to be implemented at its discretion within two years, all subject to shareholder approvals.