WF Holding Limited Approves 1-for-5 Reverse Share Split Effective April 13
WF Holding Limited’s board and shareholders approved a one-for-five reverse share split effective April 13, 2026, converting every five existing shares into one new share. Post-split, ordinary shares will total approximately 5.04 million with a new par value of $0.00025 each to satisfy Nasdaq’s $1 minimum bid price.
1. Reverse Split Approval
WF Holding Limited’s board of directors and shareholders unanimously approved a one-for-five reverse share split, combining every five issued and unissued ordinary shares into one share without action by shareholders. The split takes effect on April 13, 2026, under the existing trading symbol but with a new CUSIP number G9627R115.
2. Adjusted Shares and Par Value
Following the split, the company will have approximately 5,038,000 ordinary shares issued and outstanding, subject to fractional share rounding up. Each share will carry a new par value of $0.00025, and the total authorized ordinary shares will remain at 200 million.
3. Nasdaq Listing Compliance
The reverse split is designed to elevate the trading price of ordinary shares above the $1.00 minimum bid requirement for continued listing on the Nasdaq Capital Market, ensuring compliance with exchange rules and maintaining market access for investors.