Global Engine Group Holding announces 1-for-10 share consolidation
GLE•Global Engine Group Holding will consolidate its ordinary shares 1-for-10, with post-consolidation trading starting Oct. 8 on Nasdaq under GLE. The move targets compliance with Nasdaq’s minimum bid-price rule; Class A shares will fall to about 1.606 million and Class B shares to about 464,000.
1. Share consolidation details
Global Engine Group Holding will carry out a 1-for-10 consolidation of its ordinary shares. Trading on a post-consolidation basis is set to begin Oct. 8 on Nasdaq under GLE, with new CUSIP G39711117.
2. Share counts and compliance
Issued Class A shares will decrease from 16.06 million to about 1.606 million, while Class B shares will decrease from 4.64 million to about 464,000. The company said the move targets compliance with Nasdaq’s minimum bid-price requirement under Rule 5550(a)(2), supporting its Nasdaq Capital Market listing. No fractional shares will be issued; resulting fractions will be rounded up.
