Hitek Global Plans 1-for-25 Reverse Split, Cutting Shares to 800,000
HKIT•Hitek Global will implement a 1-for-25 reverse split of its Class A ordinary shares on July 6, 2026, consolidating approximately 20 million outstanding shares into 800,000 shares and raising par value from $0.015 to $0.375. No fractional shares will be issued, with any fractions rounded up to whole shares.
1. Reverse Split Mechanics
Effective July 6, 2026, Hitek Global will combine every 25 Class A ordinary shares into one share, reducing the outstanding count from 19,996,492 to an estimated 799,860 and increasing par value from $0.015 to $0.375 per share. The company will round up any resulting fractional shares to the next whole share at the participant level.
2. Board Authorization and History
At the November 24, 2025 Annual General Meeting, shareholders granted the board authority to execute reverse splits at ratios from 1-for-40 up to 1-for-5,000 within two years. The board has already implemented a 1-for-50 split on April 6 and a 1-for-3 split on May 29, 2026, exercising its discretion on timing and ratio.
3. Post-Split Share Capital Structure
Following the reverse split, the company’s authorized share capital of US$316,000 remains unchanged but is reclassified into 800,000 Class A shares at US$0.375 par value, 150 million Class B shares at US$0.0001, and 10 million preference shares at US$0.0001. Issued and outstanding Class A shares will total approximately 800,000, with Class B shares unchanged at 8,192,000.
