iOThree Limited Announces 1-for-10 Reverse Share Split
Rhea-AI Summary
iOThree (Nasdaq: IOTR) announced a 1-for-10 reverse share split effective November 10, 2025. Post-split shares will continue trading under IOTR with a new CUSIP G4940T112 and a par value of $0.0625 per share.
Before the split the company had 7,333,257 Ordinary Shares and 18,316,743 class A shares. After the split it will have approximately 733,326 Ordinary Shares and 1,831,675 class A shares outstanding, exclusive of warrant issuable shares. Warrants will be adjusted proportionately; fractional shares will be rounded up. The split aims to meet NASDAQ's $1.00 minimum bid requirement for continued listing.
Positive
- Expected per-share price increase to meet NASDAQ $1.00 requirement
- New CUSIP assigned: G4940T112
- Warrants adjusted proportionately, preserving economic rights
Negative
- Outstanding Ordinary shares reduced ~90% to ~733,326 post-split
- Reverse split may signal prior sub-$1 trading price
News Market Reaction
On the day this news was published, IOTR declined 3.43%, reflecting a moderate negative market reaction. Argus tracked a trough of -15.3% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $263K from the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
Singapore, Nov. 06, 2025 (GLOBE NEWSWIRE) -- iOThree Limited (Nasdaq: IOTR, the "Company"), today announced that the shareholders and the board of directors of the Company approved a one-for-ten reverse share split of the Company’s issued and unissued ordinary shares (the “Ordinary Shares”), class A shares, and preferred shares. Beginning November 10, 2025, the Company’s Ordinary Shares will be trading on a split-adjusted basis under the same symbol “IOTR” but with a new CUSIP number, G4940T112, and a new par value of
As a result of the reverse share split, each ten Ordinary Shares outstanding will automatically combine and convert to one issued and outstanding Ordinary Share without any action on the part of shareholders who hold their shares in brokerage accounts or “street name.” Shareholders holding certificates of Ordinary Shares are expected to receive instructions from the Company’s transfer agent, Broadridge Corporate Issuer Solutions, Inc., regarding procedures for exchanging share certificates. All outstanding warrants to purchase the Company’s Ordinary Shares will be adjusted proportionately as a result of the reverse share split. No fractional shares will be issued as a result of the reverse share split, and instead, all such fractional shares resulting from the reverse share split will be rounded up to the nearest whole share.
The reverse share split is intended to increase the per share trading price of the Ordinary Shares to satisfy the
About iOThree Limited
iO3 is a leading provider of maritime digital technologies, offering a comprehensive range of solutions and services to optimize vessel operations, enhance safety, and improve overall efficiency. With a commitment to driving digital innovation in the maritime industry, iO3 empowers shipowners to adapt to evolving market demands and embrace the benefits of advanced technologies. For further information, visit www.io3.sg and https://www.linkedin.com/company/io3-pte-ltd.
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “forecast,” “project,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company’s previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release, other than as required by applicable law.
For further information, please contact:
iOThree Limited
Investor Relations: ir@io3.sg
FAQ
When does the iOThree 1-for-10 reverse split (IOTR) take effect?
How many IOTR Ordinary Shares will be outstanding after the 1-for-10 reverse split?
What happens to IOTR shareholders who hold certificates after the reverse split?
Will IOTR warrants be affected by the 1-for-10 reverse split?
Why did iOThree implement the 1-for-10 reverse split for IOTR?
Will IOTR fractional shares be issued after the reverse split?
