EPWK Holdings Ltd. Announces 40 for 1 Share Consolidation
Rhea-AI Summary
EPWK Holdings (Nasdaq: EPWK) announced a 40-for-1 share consolidation approved October 20, 2025, effective at market open on November 17, 2025.
The consolidation is intended to regain compliance with Nasdaq Rule 5550(a)(2). Post-consolidation trading will remain under EPWK with a new CUSIP G30905114. Each 40 pre-consolidation ordinary shares will combine into one post-consolidation share; no fractional shares will be issued and shareholders will receive one full share in lieu of fractions.
Authorized share capital will change to 225,000,000 Class A and 25,000,000 Class B (par US$0.004). Issued and outstanding Class A will move from 144,506,412 to ~3,612,660; Class B from 3,555,948 to ~88,899.
Positive
- Share consolidation ratio: 40-for-1
- Effective trading date: Nov 17, 2025
- New CUSIP assigned: G30905114
- Reduces share count: Class A to ~3,612,660
Negative
- Action taken to address Nasdaq Rule 5550(a)(2) noncompliance
- Share consolidation may reduce trading liquidity post-consolidation
News Market Reaction
On the day this news was published, EPWK declined 38.10%, reflecting a significant negative market reaction. Argus tracked a peak move of +32.9% during that session. Argus tracked a trough of -34.5% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $3M at that time. Trading volume was elevated at 2.4x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.
Beginning with the opening of trading on November 17, 2025, the Company's Class A ordinary shares will trade on the Nasdaq Global Market on a split-adjusted basis, under the same symbol "EPWK" but under a new CUSIP number, G30905114.
As a result of the share consolidation, each 40 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.
At the time the share consolidation is effective, the Company's authorised share capital will be changed from
About EPWK Holdings Ltd.
The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Guohua Huang, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed offering. 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, including the expectation that the offering will be closed. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" 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, except as may be required by law. 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 registration statement and other filings with the SEC.
View original content:https://www.prnewswire.com/news-releases/epwk-holdings-ltd-announces-40-for-1-share-consolidation-302612755.html
SOURCE EPWK HOLDINGS LTD.
FAQ
What exactly is the EPWK 40-for-1 share consolidation and when is it effective?
Why is EPWK (Nasdaq: EPWK) doing the 40-for-1 consolidation?
Will EPWK shareholders receive fractional shares after the consolidation?
What will happen to EPWK's share counts and par value after consolidation?
Will EPWK continue trading under the same ticker and will there be a new CUSIP?
How does the consolidation affect EPWK shareholder voting and ownership percentages?
