3 E Network Announces 25-for-1 Share Consolidation, Cuts Class A to 1.13M
3 E Network Technology Group will consolidate its Class A and B shares on a 25-for-1 basis effective March 16, 2026, rounding fractional shares up to whole shares. The move reduces outstanding Class A shares from 28.24 million to about 1.13 million and Class B shares from 580,000 to 23,200.
1. Share Consolidation Overview
On March 16, 2026, 3 E Network Technology Group will consolidate its Class A and Class B ordinary shares on a 25-for-1 basis. Each group of 25 shares will convert into one share automatically, with any fractional shares rounded up to the next whole share without action by shareholders.
2. Impact on Outstanding Shares
Post-consolidation, the company’s issued and outstanding Class A shares will decrease from 28,240,099 to approximately 1,129,604, and Class B shares will decline from 580,000 to about 23,200. This reduction aims to streamline the capital structure and support a higher per-share price.
3. Authorized Capital and Par Value Adjustments
The company’s authorized share capital remains US$50,000 but will be redivided into 16,000,000 Class A shares and 4,000,000 Class B shares, each with a par value of US$0.0025, up from US$0.0001. This change aligns the par value with the new consolidated share counts.
4. Trading Details and CUSIP Change
Beginning with the opening of trading on March 16, consolidated shares will continue trading under the ‘MASK’ symbol on the Nasdaq Capital Market under a new CUSIP G8849D128. All share figures will immediately reflect the split-adjusted basis without any shareholder intervention.