LZ Technology Approves 1-for-20 Reverse Split to Meet Nasdaq $1 Requirement
LZMH•LZ Technology shareholders approved a 1-for-20 reverse split effective May 22, consolidating every 20 Class A and B shares into one share and raising par value to $0.0005. Post-split Class B outstanding shares will drop from 157.07 million to about 7.85 million to meet Nasdaq’s $1 bid requirement.
1. Reverse Split Approval
On May 20, 2026, LZ Technology’s shareholders and board approved a 1-for-20 reverse split of both Class A and Class B ordinary shares, effective May 22, 2026. The move consolidates every twenty existing shares into one share and updates the Class B par value to US$0.0005.
2. Adjusted Share Counts
Prior to the reverse split, the company had 22.5 million Class A shares and 157.07 million Class B shares issued and outstanding. After the split, outstanding shares will approximate 1.125 million Class A shares and 7.8535 million Class B shares, while authorized shares remain at 160 million and 3.76 billion respectively.
3. Nasdaq Listing Compliance
The reverse split aims to raise the per-share trading price above the US$1.00 minimum bid requirement to maintain Nasdaq listing compliance. Fractional shares resulting from the split will be rounded up to the nearest whole share under procedures managed by the company’s transfer agent.
