Forcendra Holding (Nasdaq: FCDH) approved a 1-for-5 reverse share split of its Class A ordinary shares, expected to take effect November 16, 2026.
The effective time is expected to be 4:30 PM ET, subject to Nasdaq approval, with split-adjusted trading expected at market open on November 17, 2026. Issued and outstanding Class A shares will decrease from 4,562,632 to approximately 912,526, subject to fractional-share rounding. The company intends the split to increase its share price to maintain compliance with Nasdaq Capital Market’s US$1.00 minimum bid price requirement.
No further shareholder approval is required. Percentage ownership will remain unchanged except for fractional-share rounding. Authorized share capital will not change, and outstanding equity awards and convertible securities will receive proportionate adjustments under their applicable terms.