YY Group Holding to Execute 30-for-1 Reverse Split, Cuts Outstanding Shares to 3.2M
YYGH•YY Group Holding's Board approved a 30-for-1 reverse stock split effective June 23, reducing its Class A ordinary shares from approximately 96.05 million to about 3.2 million and issuing full shares for any fractional entitlements. This follows a completed $20 million at-the-market equity program and aims to meet Nasdaq’s $1.00 minimum bid price requirement.
1. Reverse Stock Split Details
YY Group Holding will combine every 30 Class A ordinary shares into one new share, effective June 23, 2026, reducing the outstanding share count from about 96.05 million to roughly 3.2 million. Shares will continue trading under the existing ticker, and the new CUSIP number (G9888Q129) will replace prior identifiers.
2. Fractional Share Treatment
No fractional shares will be issued in connection with the reverse split. Shareholders entitled to fractional interests will receive one full Class A ordinary share in lieu of any fraction, ensuring all post-split holdings are whole-number shares.
3. Compliance and Financial Context
The reverse split is designed to satisfy Nasdaq’s $1.00 minimum bid price rule to maintain the Company’s listing. This action follows the completion of a $20 million at-the-market equity program on June 16, which strengthened the balance sheet and funded near-term operations while management focuses on scaling AI-driven workforce and robotics services.
