Ridgetech, Inc. Announces 1-for-150 Reverse Share Split

Rhea-AI Summary

Ridgetech (Nasdaq: RDGT) announced a 1-for-150 reverse share split effective April 7, 2026 at 5:00 p.m. ET, with split-adjusted trading beginning at the market open the next trading day.

The company reported 134,835,960 shares outstanding as of April 2, 2026, which is expected to become approximately 898,906 shares outstanding after the split (subject to fractional rounding). Trading will continue on Nasdaq under RDGT and the new CUSIP is G2124G 203. Fractional shares will be rounded up to the nearest whole share.

Positive

• Outstanding shares expected to drop to approximately 898,906
• Reverse split implemented uniformly for all shareholders

Negative

• Fractional-share rounding up may slightly increase post-split share count
• Reverse split may reduce tradable share liquidity for RDGT

Key Figures

Reverse split ratio: 1-for-150 Pre-split shares: 134,835,960 shares Post-split shares: approximately 898,906 shares +5 more

8 metrics

Reverse split ratio 1-for-150 Ordinary Shares reverse share split

Pre-split shares 134,835,960 shares Ordinary Shares outstanding as of April 2, 2026

Post-split shares approximately 898,906 shares Expected Ordinary Shares outstanding after reverse split

Par value before US$0.001 per share Ordinary Shares par value pre-split

Par value after US$0.15 per share Ordinary Shares par value post-split

Effective time 5:00 p.m. Eastern Time Reverse share split effectiveness on April 7, 2026

New CUSIP G2124G 203 CUSIP number for Ordinary Shares after reverse split

Amended charter filing Fifth Amended and Restated Memorandum and Articles of Association To be filed effective April 7, 2026

Market Reality Check

Price: $1.5200 Vol: Volume 5,774 is below 20-...

low vol

$1.5200 Last Close

Volume Volume 5,774 is below 20-day average of 31,051, indicating relatively light trading activity before this announcement. low

Technical Shares traded at 1.52, below the 200-day MA of 2.02 and well under the 52-week high of 4.138.

Market Pulse Summary

This announcement detailed a 1-for-150 reverse share split, reducing Ordinary Shares from 134,835,96...

Analysis

This announcement detailed a 1-for-150 reverse share split, reducing Ordinary Shares from 134,835,960 to approximately 898,906, with par value moving from US$0.001 to US$0.15 per share. The change followed board and shareholder approval and included filing an amended Memorandum and Articles of Association. Investors may watch how the new share structure, trading under the same Nasdaq symbol, interacts with liquidity and any future regulatory filings or capital decisions.

Key Terms

reverse share split, cusip, memorandum and articles of association

3 terms

reverse share split financial

"today announced that it expects to implement a 1-for-150 reverse share split"

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.

cusip financial

"The new CUSIP number for the Ordinary Shares following the reverse share split is G2124G 203."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

memorandum and articles of association regulatory

"to file a Fifth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar"

Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

AI-generated analysis. Not financial advice.

HANGZHOU, China, April 3, 2026 /PRNewswire/ -- Ridgetech, Inc., a Cayman Islands exempted company (the "Company") (Nasdaq: RDGT), a wholesale distributor of pharmaceutical and other healthcare products in China, today announced that it expects to implement a 1-for-150 reverse share split on its ordinary shares ("Ordinary Shares") effective Tuesday, April 7, 2026 at 5:00 p.m. Eastern Time, with trading to begin on a split‑adjusted basis at the market open on the next trading day. Trading in the Ordinary Shares will continue on the Nasdaq Capital Market under the symbol "RDGT." The new CUSIP number for the Ordinary Shares following the reverse share split is G2124G 203. As of April 2, 2026, the Company had 134,835,960 Ordinary Shares outstanding; following the reverse share split, the Company expects to have approximately 898,906 Ordinary Shares outstanding, subject to adjustment for fractional share rounding.

Upon the effectiveness of the reverse share split, every 150 shares of the Company's issued and outstanding Ordinary Shares, par value US$0.001 per share, will automatically be converted into one issued and outstanding Ordinary Share, par value US$0.15 per share. No fractional shares will be issued as a result of the reverse share split. Instead, any fractional shares that would have resulted from the split will be rounded up to the nearest whole share. The reverse share split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares.

The reverse share split at a ratio of 1-for-150 shares was approved by the Company's board of directors and its shareholders. The Company is to file a Fifth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies effective April 7, 2026.

About Ridgetech, Inc.

Ridgetech, Inc. ("Ridgetech" or the "Company"), is a growing online and offline wholesale distributor of pharmaceutical and other healthcare products in China. Ridgetech actively trades on popular online distribution platforms nationwide and has its own online distribution platform. The Company believes that trading on these platforms offers greater opportunities to distribute pharmaceutical products nationwide. For more information about the Company, please visit www.ridgetch.com. The Company routinely posts important information on its website.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements include, but are not limited to, statements concerning the expected benefits from the cooperation arrangements with premier pharmaceutical companies and the investment in its proprietary digital customer operations platform. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements including risks related to the Company's ability to satisfy applicable procurement conditions, changes in market demand, the Company's ability to successfully implement and promote its digital platform, and those other risks described in the Company's most recent registration statement, most recent annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Company Contact: 

Frank Zhao
Interim Chief Executive Officer and Chief Financial Officer
+86-571-88077108
frank.zhao@ridgetch.com

Investor Relations Contact:

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

View original content:https://www.prnewswire.com/news-releases/ridgetech-inc-announces-1-for-150-reverse-share-split-302733570.html

SOURCE Ridgetech, Inc.

FAQ

What is the reverse share split for Ridgetech (RDGT) and when is it effective?

The reverse split is 1-for-150 and is effective April 7, 2026 at 5:00 p.m. ET. According to the company, trading will resume on a split-adjusted basis at the market open the next trading day under the symbol RDGT.

How many RDGT shares will be outstanding after the 1-for-150 reverse split on April 7, 2026?

Ridgetech expects approximately 898,906 ordinary shares outstanding after the split. According to the company, this estimate is based on 134,835,960 shares outstanding as of April 2, 2026, subject to adjustment for fractional-share rounding.

Will RDGT shareholders receive fractional shares after the April 7, 2026 reverse split?

No fractional shares will be issued; fractional amounts will be rounded up to the nearest whole share. According to the company, any fractional shares resulting from the 1-for-150 split will be automatically rounded up.

Will Ridgetech's trading symbol or CUSIP change after the April 7, 2026 reverse split?

Trading will remain on Nasdaq under the symbol RDGT, and the new CUSIP will be G2124G 203. According to the company, only the CUSIP is updated; the trading symbol stays the same.

How does the 1-for-150 reverse split affect shareholders' percentage ownership in RDGT?

The reverse split does not alter any shareholder's percentage interest, except for fractional-share rounding effects. According to the company, percentage ownership remains uniform across shareholders aside from rounding adjustments.

Who approved Ridgetech's 1-for-150 reverse split (RDGT) effective April 7, 2026?

The reverse split was approved by Ridgetech's board of directors and its shareholders. According to the company, the board and shareholders authorized the 1-for-150 ratio and related amendments to its Cayman articles.