Hitek Announces 1-for-25 Reverse Split

Hitek Global (Nasdaq: HKIT) approved a 1-for-25 reverse split of its Class A ordinary shares, effective July 6, 2026.

Rhea-AI Summary

Hitek Global (Nasdaq: HKIT) approved a 1-for-25 reverse split of its Class A ordinary shares, effective July 6, 2026. Shares will trade on a split-adjusted basis on Nasdaq under HKIT with new CUSIP G45139139.

According to Hitek, Class A shares outstanding will change from 19,996,492 to about 799,860, while Class B shares remain 8,192,000. Par value per Class A share will adjust from $0.015 to $0.375, and authorized share capital stays at US$316,000. Fractional shares will be rounded up.

Positive

• 1-for-25 reverse split reduces Class A shares to about 799,860
• Authorized share capital remains unchanged at US$316,000 post-split
• Fractional shares rounded up to nearest whole share at participant level

Negative

• Existing Class A holdings consolidated at a 25-to-1 ratio
• Par value per Class A share increases from $0.015 to $0.375

Argus Jul 1 session

-23.84% close to close Open Argus

Details

News Market Reaction – HKIT

On Jul 1, the day this news came out, HKIT closed 23.84% below the previous close.

Data tracked by StockTitan Argus for the Jul 1 session.

Key Figures

Reverse split ratio: 1-for-25 Prior reverse split: 1-for-50 Prior reverse split: 1-for-3 +5 more

Reverse split ratio

1-for-25

Reverse split effective July 6, 2026

Prior reverse split

1-for-50

Reverse split effectuated April 6, 2026

Prior reverse split

1-for-3

Reverse split effectuated May 29, 2026

Par value change

$0.015 to $0.375

Par value per Class A Ordinary Share post-split

Authorized share capital

US$316,000

Total authorized share capital remains unchanged

Class A shares pre-split

19,996,492

Class A Ordinary Shares issued and outstanding before split

Class A shares post-split

799,860

Expected Class A Ordinary Shares issued and outstanding after split

Class B shares

8,192,000

Class B Ordinary Shares issued and outstanding remain unchanged

Previous Stock split Reports

1 past event · Latest: May 26

Same Type 1 event

1. May 26

   Reverse stock split

   24h Move

   -23.2%

   1-for-3 reverse split to consolidate Class A shares and lift trading price.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse split, par value, authorized share capital, cusip number

4 terms

reverse split financial

"announced today that it will effect a reverse split (the "Reverse Split")"

A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.

par value financial

"Following the Reverse Split, the par value of each Class A Ordinary 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.

authorized share capital financial

"The Company's total authorized share capital will remain unchanged at US$316,000"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

cusip number financial

"on a split-adjusted basis under the same trading symbol, "HKIT," and a new CUSIP number"

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.

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XIAMEN, China, July 1, 2026 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), an information technology consulting and solutions provider, announced today that it will effect a reverse split (the "Reverse Split") at a ratio of 1-for-25, to be effective on July 6, 2026. Beginning with the opening of trading on July 6, 2026, the Company's Class A ordinary shares ("Class A Ordinary Shares") will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol, "HKIT," and a new CUSIP number, G45139139.

On November 24, 2025, at the 2025 Annual General Meeting of Shareholders, the Company's shareholders authorized the board of directors of the Company (the "Board") to effect one or more reverse splits of the Company's Class A Ordinary  Shares at an aggregate cumulative ratio ranging from  1-for-40 to 1-for-5,000 within two years following the date of the meeting, with the Board having discretion to determine the specific ratio or ratios and the timing of any such reverse split(s). On April 6, 2026, the Company effectuated a reverse split at a ratio of 1-for-50. On May 29, 2026, the Company effectuated a reverse split at a ratio of 1-for-3.On June 4, 2026, the Board approved the Reverse Split.

Upon the Reverse Split becoming effective, every three issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share will be changed from $0.015 to $0.375. No fractional shares will be issued in connection with the Reverse Split. Any fractional share resulting from the Reverse Split will be rounded up to the nearest whole share at the participant level. The Company's total authorized share capital will remain unchanged at US$316,000 and will be reclassified into (i) 800,000 Class A Ordinary Shares, par value US$0.375 per share, (ii) 150,000,000 Class B ordinary shares, par value US$0.0001 per share, and (iii) 10,000,000 preference shares, par value US$0.0001 per share. Prior to the Reverse Split, there were 19,996,492 Class A Ordinary Shares and 8,192,000 Class B ordinary shares issued and outstanding; following the Reverse Split, the Company expects that there will be 799,860 Class A Ordinary Shares and 8,192,000 Class B Ordinary Shares issued and outstanding.

About Hitek Global Inc.

Hitek Global Inc., headquartered in Xiamen, China, is an information technology ("IT") consulting and solutions service provider in China. The Company operates two lines of business: (1) services for small and medium-sized businesses, consisting of Anti-Counterfeiting Tax Control System ("ACTCS") tax devices, ACTCS services, and IT services, and (2) services for large businesses, consisting of hardware sales and software sales. The Company's vision is to become a one-stop destination for comprehensive IT consulting and other business consulting services in China. For more information, please visit the Company's website at http://www.xmhitek.com/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. 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. 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 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 in its other filings with the SEC.

View original content:https://www.prnewswire.com/news-releases/hitek-announces-1-for-25-reverse-split-302815539.html

SOURCE Hitek Global Inc.

FAQ

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

When does the Hitek Global (NASDAQ: HKIT) 1-for-25 reverse stock split take effect?

The Hitek Global 1-for-25 reverse stock split becomes effective on July 6, 2026. According to Hitek, HKIT Class A ordinary shares will begin trading on a split-adjusted basis that day on the Nasdaq Capital Market under the same ticker symbol.

How will the July 2026 Hitek (HKIT) reverse split affect outstanding Class A shares?

The reverse split will reduce outstanding Class A shares from 19,996,492 to about 799,860. According to Hitek, every 25 issued and unissued Class A ordinary shares will be combined into one, while the number of Class B ordinary shares remains 8,192,000.

What happens to fractional shares in the Hitek (HKIT) 1-for-25 reverse split on July 6, 2026?

No fractional shares will be issued in the Hitek reverse split. According to Hitek, any fractional share resulting from the 1-for-25 consolidation will be rounded up to the nearest whole share at the participant level, simplifying shareholder positions.

Will Hitek Global’s (HKIT) ticker symbol or CUSIP change after the July 2026 reverse split?

The HKIT ticker symbol will stay the same after the reverse split. According to Hitek, Class A ordinary shares will continue trading on Nasdaq under HKIT, but will use a new CUSIP number, G45139139, starting July 6, 2026.

How does the July 2026 Hitek (HKIT) reverse split impact authorized share capital and par value?

The total authorized share capital of US$316,000 will remain unchanged. According to Hitek, Class A par value will change from $0.015 to $0.375, reclassified into 800,000 Class A shares, 150,000,000 Class B shares, and 10,000,000 preference shares.

What prior reverse stock splits did Hitek (HKIT) complete before the July 2026 1-for-25 action?

Hitek completed a 1-for-50 reverse split on April 6, 2026, and a 1-for-3 reverse split on May 29, 2026. According to Hitek, the July 6, 2026, 1-for-25 reverse split is an additional action approved within shareholder-authorized parameters.