Recent Updates — HUDI

Huadi International Group Co., Ltd. is seeking shareholder approval at an extraordinary general meeting on November 16, 2026, for a proposed 8-for-1 share consolidation (reverse stock split) effective November 26, 2026. The action aims to restore compliance with Nasdaq’s minimum bid price requirement after the company received a deficiency notice in July 2026 due to its closing bid price falling below $1.00 for 30 consecutive business days. The proposal is conditional on parallel approvals for a par value reduction and an increase in authorized share capital to 500 million shares. Huadi International Group Co., Ltd. manufactures and sells copper foil products used primarily in the electronics industry.

Huadi International Group Co., Ltd. received a Nasdaq notification on July 14, 2026, stating that its ordinary shares were below the $1.00 minimum bid price requirement for 30 consecutive business days. The company has a 180-day compliance period ending January 11, 2027, to regain compliance, with a potential for an additional 180-day grace period if eligibility criteria are met. The company is considering all available options, including a possible reverse stock split, to maintain its Nasdaq listing. Huadi International Group Co., Ltd. is a manufacturer of industrial stainless steel seamless pipes and tubes products in China.