E-Home Consolidates Shares 1-for-25, Post-Split Outstanding Falls to 3.2M
E-Home Household Service is consolidating its issued shares on a one-for-25 basis effective at market open March 30, reducing outstanding shares from 80,003,859 to approximately 3,200,155 to meet Nasdaq’s $1.00 minimum bid price requirement. Authorized capital will reclassify ordinary shares par value to $1.25 while preferred share structure remains unchanged.
1. Share Consolidation Details
E-Home Household Service will implement a one-for-25 share consolidation at opening of trading on March 30, reducing its issued and outstanding ordinary shares from 80,003,859 to approximately 3,200,155 to satisfy Nasdaq Rule 5550(a)(2) minimum bid price requirement.
2. Capital Structure and Shareholder Impact
Post-consolidation, authorized share capital remains US$1,000,020,000, with ordinary shares reclassified to US$1.25 par value and preferred shares unchanged; shareholder ownership percentages and voting power remain substantially the same, with fractional shares rounded up and no action required by brokers.