ICZOOM Group Inc. to Effect Share Consolidation on September 15, 2026
ICZOOM Group (IZM) will implement a 5-for-1 share consolidation effective September 15, 2026, to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
Rhea-AI Summary
ICZOOM Group (IZM) will implement a 5-for-1 share consolidation effective September 15, 2026, to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
Beginning at the opening of trading on that date, Class A ordinary shares will trade on a split-adjusted basis on the Nasdaq Capital Market under the same symbol “IZM” but with new CUSIP G4760B118. Every five ordinary shares will automatically combine into one share, with no action required from shareholders. Issued and outstanding shares will be reduced from 8,188,610 to approximately 1,637,722 Class A shares and from 3,829,500 to approximately 765,900 Class B shares, subject to rounding adjustments, and no fractional shares will be issued.
Positive
- 5-for-1 share consolidation approved to help regain compliance with Nasdaq Rule 5550(a)(2)
- Nasdaq Capital Market listing expected to be maintained with shares trading split-adjusted from September 15, 2026
- Class A shares reduced from 8,188,610 to approximately 1,637,722 issued and outstanding
- Class B shares reduced from 3,829,500 to approximately 765,900 issued and outstanding
Negative
- No fractional shares will be issued; each holder instead receives one whole share in lieu of any fractional entitlement
News Explained
The board-approved 5-for-1 consolidation also covers authorized shares, but the release supplies no before-and-after authorized-share counts.
Key Figures
- Share consolidation ratio
- 5-for-1
- Effective September 15, 2026
- Marketplace effective date
- September 15, 2026
- Split-adjusted trading begins at market open
- Class A shares outstanding
- 8,188,610 shares
- Before consolidation
- Class B shares outstanding
- 3,829,500 shares
- Before consolidation
Historical Context
-
Nasdaq reported shares below the $1 minimum bid for 30 consecutive business days
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
nasdaq marketplace rule 5550(a)(2) regulatory
cusip technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shenzhen, China, Sept. 11, 2026 (GLOBE NEWSWIRE) -- ICZOOM Group Inc. (“ICZOOM” or the “Company”) (Nasdaq: IZM), a B2B electronic component products e-commerce platform, today announced that the Company’s board of directors approved on July 27, 2026 that the authorized, issued, and outstanding shares of the Company be consolidated at a 5-for-1 ratio with the marketplace effective date of September 15, 2026.
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 September 15, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “IZM” but under a new CUSIP number, G4760B118.
As a result of the share consolidation, each five ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. The number of issued and outstanding ordinary shares of the Company will be correspondingly reduced from 8,188,610 Class A Ordinary Shares to approximately 1,637,722 Class A Ordinary Shares and 3,829,500 Class B Ordinary Shares to approximately 765,900 Class B Ordinary Shares, subject to adjustment for rounding. 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.
About ICZOOM Group Inc.
ICZOOM Group Inc. (Nasdaq: IZM) is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform. These products are primarily used by China based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segments. By utilizing latest technologies, the Company’s platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events 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 “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “will,” “could” and 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 U.S. Securities and Exchange Commission.
For more information, please contact:
ICZOOM Group Inc.
Lei Xia
Chief Executive Officer
Email: iczoomir@mtxpack.com
