CBL International plans 1-for-13 reverse stock split to regain Nasdaq bid-price compliance
BANL•Reverse split details and Nasdaq compliance target
CBL International will execute a 1-for-13 reverse share split of its Class B ordinary shares.
- Post-split trading is expected to begin July 20, 2026 on Nasdaq under the symbol BANL.
- The new CUSIP will be G1991X133.
- The move is intended to help the company regain compliance with Nasdaq's minimum bid-price requirement under Rule 5550(a)(2).
- The share count will be reduced from 14,325,327 Class B shares outstanding.
- Fractional shares will be rounded up at the participant level.
