X3 Holdings Approves 30-for-1 Consolidation to Reduce Shares by 96.7%
X3 Holdings will combine every 30 Class A shares into one, reducing the share count from 54,238,270 to approximately 1,807,943 and raising par value to $0.0009. The consolidation, effective March 5, 2026, aims to boost per-share price and maintain compliance with Nasdaq listing requirements.
1. Share Consolidation Approved
The board of X3 Holdings approved a 30-for-1 consolidation of Class A ordinary shares to be effective on March 5, 2026. Under this action, every thirty pre-consolidation shares will be combined into one post-consolidation share.
2. Post-Consolidation Share Count and Par Value
Post-consolidation, issued and outstanding Class A shares will drop from 54,238,270 to approximately 1,807,943, and the par value will rise from $0.00003 to $0.0009 per share.
3. Rationale and Nasdaq Listing Compliance
The consolidation is intended to elevate the per-share trading price to meet Nasdaq’s minimum bid price requirement and avoid delisting from the Nasdaq Capital Market.
4. Fractional Share Treatment and Exchange Process
No fractional shares will be issued; holders entitled to fractions will receive one full share. Transhare Corporation will serve as the exchange agent for both electronic and physical certificates.