Wellchange Holdings Executes 1-for-50 Reverse Split, Reducing Shares to 3.0653M
Wellchange Holdings combines every fifty Class A and B shares into one share on March 6, 2026, reducing outstanding shares from 153.265 million to 3.0653 million. Fractional shares are rounded up, reducing Class A shares from 145.265 million to 2.9053 million and Class B shares from 8 million to 160,000.
1. Reverse Stock Split Details
Wellchange Holdings will implement a 1-for-50 reverse stock split of both Class A and Class B ordinary shares, effective at market open on March 6, 2026. The company will retain its Nasdaq Capital Market listing under the symbol WCT with a new CUSIP of G9545M123.
2. Impact on Outstanding Shares
Prior to the split, there are 145.265 million Class A shares and 8 million Class B shares issued and outstanding, totaling 153.265 million shares. Post-split, the total outstanding shares will decline to approximately 3.0653 million, with Class A shares falling to about 2.9053 million and Class B shares to roughly 160,000.
3. Fractional Shares and Security Adjustments
Any fractional shares resulting from the reverse split will be rounded up to the next whole share, ensuring no fractional interests remain. All outstanding options, warrants and other convertible securities will be proportionally adjusted in accordance with their governing terms.
4. Ownership and Trading Continuity
The reverse split will not alter any shareholder’s percentage ownership aside from minor adjustments due to rounding. Shares will continue trading on the Nasdaq Capital Market under the existing ticker without interruption.