Li Bang International to implement 1-for-100 reverse split for Nasdaq compliance
Li Bang International will effect a 1-for-100 reverse split on March 27, 2026, consolidating its 180,401,932 issued Class A ordinary shares into approximately 1.8 million post-split shares. The action is aimed at regaining compliance with Nasdaq Capital Market Rule 5550(a)(2) and will uniformly round up fractional shares.
1. Reverse Share Split Mechanics
Li Bang International will automatically combine every one hundred existing Class A and Class B ordinary shares into one new share of the same class with par value of USD0.01. The company currently has 180,401,932 Class A shares outstanding, which will consolidate to roughly 1.8 million post-split shares, with fractional entitlements rounded up to whole shares.
2. Effective Date and Trading Changes
The reverse split will become effective at market open on March 27, 2026, and shares will continue trading under the Nasdaq Capital Market symbol with a new CUSIP number G5480M110. Post-split shares will reflect the reduced share count and adjusted par value while maintaining the same trading symbol.
3. Compliance with Nasdaq Rule
The split is designed to meet Nasdaq Capital Market Rule 5550(a)(2), which mandates a minimum bid price per share. It aims to raise Li Bang International’s share price above the required threshold and prevent delisting without altering any shareholder’s proportional ownership except for rounding adjustments.