Skycorp Solar Group Approves 1-for-20 Reverse Split, Cuts Shares to 1.29M
Skycorp Solar Group’s board approved a 1-for-20 reverse share split, reducing outstanding Class A shares from 25.735 million to approximately 1.28675 million. The split becomes effective on April 13, 2026, with share trading on the Nasdaq Capital Market adjusted on a split-adjusted basis.
1. Board Approval of Reverse Share Split
On March 30, 2026, Skycorp Solar Group’s board formally approved a 1-for-20 reverse share split following authorization granted by shareholders on October 10, 2025. This action consolidates every twenty outstanding Class A ordinary shares into one post-split share, a measure shareholders ratified for flexibility over a three-year period.
2. Reduction of Outstanding Shares
The reverse split will cut the company’s outstanding Class A shares from 25,735,000 to approximately 1,286,750. This significant reduction aims to adjust the share count for compliance and market positioning under the Nasdaq Capital Market’s listing criteria.
3. Effective Date and Trading Details
The reverse split will be effective at the market open on April 13, 2026, with Class A ordinary shares trading on a split-adjusted basis under the existing symbol. Shareholders will see their holdings automatically consolidated, with no change to the total investment value prior to market open.