Inno Holdings Plans 1-for-20 Reverse Split, Reducing Shares From 50.4M to 2.52M
Inno Holdings approved a 1-for-20 reverse split effective May 4, reducing its issued and outstanding shares from 50,413,224 to 2,520,662 to maintain Nasdaq’s minimum bid price requirement. The company’s authorized shares remain at one billion with no change to par value.
1. Board Approves 1-for-20 Reverse Stock Split
Inno Holdings Inc.’s Board of Directors authorized a 1-for-20 reverse stock split, effective May 4 at 9:30 a.m. ET, following stockholder approval on March 2. At the effective time, every 20 issued and outstanding shares will be reclassified and combined into one share, with fractional entitlements rounded up to whole shares.
2. Share Count Reduction and Listing Compliance
The reverse split will reduce issued and outstanding shares from 50,413,224 to 2,520,662, while maintaining one billion authorized shares and no par value. Trading will resume on a split-adjusted basis under the existing symbol with new CUSIP 4576JP406, supporting compliance with Nasdaq Capital Market’s minimum bid price requirement.