Dividends & Buybacks ·
Wellchange Holdings proposes 1-for-10 Class A share consolidation to meet Nasdaq minimum bid price
WCTWellchange Holdings Co Ltd
Wellchange Holdings Company Limited is seeking shareholder approval for a one-for-ten reverse stock split of its Class A Ordinary Shares. The proposal aims to increase the per-share trading price and support compliance with the Nasdaq Stock Market's $1.00 minimum bid price requirement. The consolidation requires approval from holders of both Class B and Class A shares at an extraordinary general meeting scheduled for October 29, 2026. If approved, the par value of each Class A share will increase proportionally to US$0.00025, while fractional shares will be rounded up to the nearest whole share. The company operates in the technology and investment sector.