Haoxi Health Technology Limited Announces 1-For-20 Reverse Share Split
Rhea-AI Summary
Haoxi Health Technology (NASDAQ: HAO) will implement a 1‑for‑20 reverse share split of its Class A and Class B ordinary shares, effective for trading on a split-adjusted basis on August 14, 2026 on Nasdaq.
After the split, the par value per share will change from $0.0000001 to $0.000002. Issued and outstanding Class A shares will decline from 11,904,632 to approximately 595,232, and Class B shares from 317,897 to approximately 15,895, subject to rounding of fractional shares, which will be rounded up to the nearest whole share. The Class A shares will continue to trade under the symbol “HAO” with new CUSIP G4290F134. Transhare Corporation LLC will act as exchange and paying agent, and most shareholders will not need to take action.
Positive
- Fractional share interests will be rounded up to the nearest whole share
- Outstanding Class A shares reduced to approximately 595,232 after 1‑for‑20 split
- Outstanding Class B shares reduced to approximately 15,895 after 1‑for‑20 split
- Class A shares remain listed on Nasdaq under symbol HAO post-split
Negative
- None.
News Explained
The split changes share-count and per-share-price mechanics without changing company value itself, while the actual trading price remains uncertain.
The reverse split reduces the share count and raises the per-share price proportionally; the split itself does not change Haoxi Health Technology’s company value.
Haoxi expects the Class A shares to trade at approximately 20 times their pre-split price, but cautions that the actual post-split price may differ, may not be maintained, and may not remain above the pre-split price.
Market reaction after 1-for-20 reverse split: HAO -4.85% in the Aug 12 session
In the Aug 12 session, HAO declined 4.85%, reflecting a moderate negative market reaction. Argus tracked a trough of -25.7% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility. Trading volume was very high at 4.7x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Stock split Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 19 | Reverse split | Neutral | -21.4% | Comparable reverse split; Nasdaq trading began on May 21, 2026. |
| Jan 23 | Reverse split | Neutral | -22.4% | Comparable reverse split; trading became effective January 27, 2025. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Both prior tag-matched reverse-split announcements were followed by negative 24-hour reactions.
Key Terms
par value financial
cusip number regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEIJING, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Haoxi Health Technology Limited (NASDAQ: HAO; "we" or the "Company"), today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value
Our Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on August 14, 2026. Following the reverse share split, the Class A Ordinary Shares and Class B Ordinary Shares will have a new par value of
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 11,904,632 to approximately 595,232, and the number of issued and outstanding Class B Ordinary Shares from 317,897 to approximately 15,895, subject to any adjustments resulting from the treatment of the fractional shares.
On July 23, 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-20.
Transhare Corporation LLC 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 LLC 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 Haoxi Health Technology Limited
Haoxi Health Technology Limited is a Beijing-headquartered online marketing solution provider specializing in serving healthcare industry advertiser clients. The Company offers one-stop online marketing solutions, particularly in online short video marketing, helping advertisers acquire and retain customers on popular Chinese platforms. For more information, visit: http://ir.haoximedia.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; the Company's future acquisition opportunities; the Company's ability to identify any acquisition opportunities that fit with our business strategies; the Company's ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Haoxi Health Technology Ltd
Investor Relations
ir@haoximedia.com
