JIADE Limited Plans 1-for-25 Reverse Stock Split to Shrink Class A Shares to 1.4M
JIADE Limited will implement a 1-for-25 reverse stock split on March 23, 2026 to restore compliance with Nasdaq’s $1 minimum bid rule. The Company’s Class A shares will be consolidated from about 34.3 million to 1.4 million units, Class B from 1.1 million to 42 082 units and preference shares from 30 million to 1.2 million.
1. Reverse Split Mechanics
JIADE Limited’s board and shareholders approved a 1-for-25 reverse stock split, which will combine every 25 existing ordinary shares into one new share. The split takes effect before market open on March 23, 2026, with trading continuing under the same listing symbol and a new CUSIP number.
2. Adjusted Share Counts
Following the split, outstanding Class A ordinary shares will decrease from approximately 34.3 million to about 1.4 million, Class B ordinary shares from roughly 1.1 million to 42,082, and preference shares from near 30 million to 1.2 million.
3. Compliance Purpose
The reverse split is intended to raise the Company’s per-share price to meet Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1 for continued listing on the Nasdaq Capital Market.
4. Fractional Shares and Trading Details
No fractional shares will be issued; any resulting fractions will be rounded up to the next whole share. Post-split trading will occur under the existing ticker with a new CUSIP identifier for the consolidated shares.