WF International to Execute 10-for-1 Reverse Stock Split Cutting Shares to 1.13M
WXM•WF International approved a 10-for-1 share consolidation reducing its issued and outstanding shares from 11,268,745 to approximately 1,126,875 and raising par value from $0.000001 to $0.00001 per share. Post-consolidation shares will begin trading June 4, 2026 on Nasdaq under new CUSIP G9627S113 to support listing compliance.
1. Share Consolidation Details
WF International's board and shareholders approved a 10-for-1 consolidation of its ordinary shares, reducing the issued and outstanding shares from 11,268,745 to approximately 1,126,875 and raising the par value from $0.000001 to $0.00001 per share.
2. Trading and CUSIP Update
Post-consolidation trading will commence on June 4, 2026 on the Nasdaq Capital Market under the unchanged symbol WXM but with a new CUSIP G9627S113.
3. Listing Compliance Objective
The consolidation is designed to increase the market price per share and enable WF International to meet the Nasdaq listing minimum bid price requirements and maintain its capital market listing.
4. Fractional Share Treatment
No fractional shares will be issued; shareholders holding amounts not divisible by ten will receive one additional share, with VStock Transfer acting as exchange agent for certificate adjustments.
