ICZOOM Group shareholders approve 1-for-5 share consolidation
IZM•Share consolidation approved
ICZOOM Group shareholders approved a 1-for-5 share consolidation for its Class A ordinary shares and Class B ordinary shares, effective following an Aug. 14 vote.
Par value rises to US$0.8 from US$0.16. Authorized shares fall to 7,000,000 from 35,000,000.
Board also authorized for possible future consolidation
The board was authorized to execute an additional Class A and Class B consolidation within a 1-for-2 to 1-for-10 range by Feb. 10, 2027.
Any further consolidation remains optional. The board can set the ratio, timing, and fractional-share handling.
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