Addentax Group Announces 1-for-15 Reverse Stock Split Effective March 30
Addentax Group Corp. will implement a 1-for-15 reverse stock split of its common shares at 12:01 a.m. ET on March 30, 2026, combining every fifteen shares into one without altering authorized share count or par value. Fractional entitlements will be converted into one whole share and a new CUSIP assigned.
1. Approval and Filing
At its January 30, 2026 annual meeting and subsequent March 19 board resolution, Addentax secured approval for a 1-for-15 reverse stock split and filed a Certificate of Amendment with Nevada on March 24, 2026.
2. Reverse Split Terms
The reverse stock split will combine every fifteen existing common shares into one, with par value remaining $0.001 and no change to the total authorized share count.
3. Fractional Share Treatment
Holders entitled to fractional shares will receive one whole share in lieu of fractions, ensuring no cash payments or fractional holdings post-split.
4. Trading Adjustments
Effective 12:01 a.m. ET on March 30, 2026 the shares will trade on the Nasdaq Capital Market under the same symbol on a split-adjusted basis with new CUSIP 00653L400; no action is required by stockholders.