Fitness Champs to Consolidate Shares 30-for-1 Effective May 4, 2026
Fitness Champs Holdings will consolidate its authorized, issued, and outstanding shares on a 30-for-1 basis effective May 4, 2026 to comply with Nasdaq Rule 5550(a)(2). The move reduces Class A shares from 36,950,899 to approximately 1,231,697 and Class B shares from 580,524 to approximately 19,351 under new CUSIP G3580P307.
1. Share Consolidation Details
On March 24, 2026, the board of Fitness Champs approved a 30-for-1 share consolidation, effective at the opening of trading on May 4, 2026. Each 30 existing ordinary shares will combine into one new share without any action required by shareholders, and no fractional shares will be issued.
2. Rationale for Compliance
The consolidation aims to ensure continued compliance with Nasdaq Capital Market Rule 5550(a)(2), which requires a minimum bid price. By reducing the share count, the company expects its adjusted per-share price to meet the exchange’s listing standards.
3. Post-Consolidation Share Structure
Following the consolidation, Class A shares will decrease from 36,950,899 to approximately 1,231,697 and Class B shares from 580,524 to about 19,351, subject to rounding. The consolidated shares will trade under the existing “FCHL” symbol but with a new CUSIP number G3580P307.