Shengfeng Development plans 1-for-15 reverse stock split effective Sept. 8, 2026
SFWL•Reverse stock split details
Shengfeng Development will execute a 1-for-15 reverse stock split of its Class A ordinary shares.
- Post-split trading on Nasdaq is set to begin at the market open on Sept. 8, 2026.
- Class A shares outstanding are expected to fall to about 2,707,834 from about 40,617,513.
- Class B shares outstanding are expected to drop to about 2,792,000 from about 41,880,000.
- Fractional shares will be rounded up.
- The par value of the shares will rise to US$0.0015 from US$0.0001.
