Solowin Holdings Announces 1-For-200 Reverse Share Split

The company expects the split to produce an approximately 200-fold per-share price, but does not assure that outcome.

Rhea-AI Summary

Solowin Holdings (Nasdaq: AXG) will implement a 1-for-200 reverse share split, with split-adjusted trading beginning October 29, 2026.

The split covers both Class A and Class B ordinary shares. Outstanding Class A shares will fall from 201,529,461 to approximately 1,007,648, and Class B shares from 31,371,599 to approximately 156,858, subject to adjustments for fractional shares. Fractional interests will be rounded up to whole shares. The board approved the split on October 2, 2026, and shareholders approved it on October 13, 2026. Class A shares will continue trading under AXG.

News Explained

At the planned October 29 split, Solowin expects Class A shares to trade at roughly 200 times their pre-split price, but says the price may not match or hold that level; the consolidation reduces share counts and adjusts per-share price proportionally, but does not itself change company value.

Argus 15 min delay 125 alerts

-14.87% vs previous close $0.05 last price 219.8x rel. volume Open Argus

Details

Market move: AXG -14.87% vs previous close. 1-for-200 reverse share split

$0.05 – $0.10 Day Range

$1.49M Mkt Cap at Last Price

On Oct 27, the day this news came out, the latest delayed price for AXG is 14.87% below the previous close. Our momentum scanner has recorded 125 alerts for this stock so far that day. The latest delayed price is $0.05. Relative volume is exceptionally heavy at 219.8x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Reverse split ratio: 1-for-200 Split-adjusted trading begins: October 29, 2026 New par value: $0.02 per share +2 more

Reverse split ratio

1-for-200

Class A and Class B ordinary shares

Split-adjusted trading begins

October 29, 2026

Class A ordinary shares

New par value

$0.02 per share

Class A and Class B ordinary shares after the split

Class A shares outstanding

201,529,461 to approximately 1,007,648 shares

Before and after the reverse split; post-split count is subject to fractional-share adjustments

Class B shares outstanding

31,371,599 to approximately 156,858 shares

Before and after the reverse split; post-split count is subject to fractional-share adjustments

Key Terms

reverse share split, par value, cusip number, book-entry form

4 terms

reverse share split financial

"will effect a reverse share split of its outstanding Class A ordinary shares"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

par value financial

"ordinary shares, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip number technical

"with the new CUSIP number, G82759112"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

book-entry form financial

"holding their shares in book-entry form or in brokerage accounts"

A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, Oct. 27, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: AXG) (together with its subsidiaries, “AXG” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”) and Class B ordinary shares, par value $0.0001 per share (the “Class B Ordinary Shares”), at a ratio of 1-for-200.

The Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on October 29, 2026. Following the reverse share split, the Class A Ordinary Shares and Class B Ordinary Shares will have a new par value of $0.02 per share and the Class A Ordinary Shares will continue to trade on Nasdaq under the symbol “AXG” with the new CUSIP number, G82759112. The reverse share split is expected to lead the Company’s Class A Ordinary Shares to trade at approximately 200 times the price per share at which it trades prior to the effectiveness of the reverse share split. The Company, however, cannot assure that the price of its Class A Ordinary Shares after the reverse split will reflect the 1-for-200 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.

No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Class A Ordinary Shares and Class B Ordinary Shares.

The reverse share split will reduce the number of issued and outstanding Class A Ordinary Shares from 201,529,461 to approximately 1,007,648, and the number of issued and outstanding Class B Ordinary Shares from 31,371,599 to approximately 156,858, subject to any adjustments resulting from the treatment of the fractional shares.

On October 2, 2026, the board of directors of the Company approved the reverse share split of the Class A Ordinary Shares and Class B Ordinary Shares, at a ratio of 1-for-200. On October 13, 2026, among other matters, the shareholders of the Company approved such reverse split in an extraordinary general meeting.

Transhare Corporation is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse share split.

Transhare Corporation will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis. Shareholders are encouraged to contact their bank, broker or custodian with any procedural questions.

About SOLOWIN HOLDINGS

SOLOWIN HOLDINGS is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Guided by the mission “Mobilizing Tokens 24/7,” the Company operates two core business pillars: Digital Asset Tokens and Intelligent Asset Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router. Through its integrated ecosystem, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.

For more information, visit alloyx.com or the Investor Relations webpage at ir.alloyx.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) including the “Risk Factors” section of the Company’s most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries, please contact:

SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solowin.io

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Solowin Holdings' AXG reverse split take effect, and what is the ratio?

AXG Class A shares will begin trading on a split-adjusted basis on October 29, 2026, following a 1-for-200 reverse share split. The split applies to both Class A and Class B ordinary shares.

Do AXG shareholders need to take action for the reverse share split?

Shareholders holding AXG shares in book-entry form or brokerage accounts need not take any action. Transhare Corporation will provide certificate holders with instructions for exchanging pre-split certificates for post-split ownership in book-entry form or certificates. Shareholders can contact their bank, broker or custodian with procedural questions.