Dividends & Buybacks ·
WORK Medical Technology Group LTD announced a 1-for-100 reverse stock split of its Class A and Class B ordinary…
WOKWORK Medical Technology Group Ltd
WORK Medical Technology Group LTD announced a 1-for-100 reverse stock split of its Class A and Class B ordinary shares, effective June 18, 2026. The consolidation was implemented to meet Nasdaq’s minimum bid price continued listing standards and mitigate delisting risk. Following the split, approximately 2.42 million ordinary shares are issued and outstanding. Additionally, on August 4, 2026, the Company entered into securities purchase agreements for a private placement of up to 2,000,000 Class A ordinary shares at $1.00 per share and 50,000 Class B ordinary shares at $2.50 per share, targeting proceeds of approximately $2,125,000 for business expansion and working capital; however, the closing conditions had not been satisfied as of the filing date. WORK Medical Technology Group LTD operates in the medical device industry, developing and manufacturing Class I and II medical devices and consumables.