What is the effective date of Li Bang International's 1-for-100 reverse share split (LBGJ)?

The reverse split is effective with trading beginning on March 27, 2026. According to the company, Class A ordinary shares will trade on a post-split basis that day under symbol LBGJ with a new CUSIP G5480M110.

Why did Li Bang International (LBGJ) implement the 1-for-100 reverse share split?

The split was implemented primarily to regain compliance with Nasdaq Rule 5550(a)(2) on minimum bid price. According to the company, the board and shareholders approved the measure to address the listing-price requirement.

Li Bang International Announces 1-for-100 Reverse Share Split

Li Bang International (Nasdaq: LBGJ) announced a 1-for-100 reverse share split effective with trading on a post-split basis beginning March 27, 2026.

Rhea-AI Impact

(Very High)

Rhea-AI Sentiment

(Very Negative)

Rhea-AI Summary

Li Bang International (Nasdaq: LBGJ) announced a 1-for-100 reverse share split effective with trading on a post-split basis beginning March 27, 2026.

The split was approved by shareholders and the board, will change the CUSIP to G5480M110, combines 180,401,932 Class A shares on a 1-for-100 basis, and rounds fractional shares up.

Positive

Reverse split immediately increases per-share quoted price
Shareholder approval confirmed for the 1-for-100 split
CUSIP updated to G5480M110 for post-split trading

Negative

Reverse split reduces outstanding share count by ~99x, risking reduced liquidity
Action is primarily to regain Nasdaq minimum bid-price compliance

Argus Mar 25 session

-28.57% close to close Open Argus

Details

News Market Reaction – LBGJ

In the Mar 25 session, LBGJ declined 28.57%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -28.6% in the session following this news. A negative reaction despite the mechani...

Analysis

The stock dropped -28.6% in the session following this news. A negative reaction despite the mechanical nature of a 1-for-100 reverse split fits a pattern where capital-structure actions amplify existing weakness. The stock traded at 0.0203, far below its 2.00 52-week high, and the split followed a minimum bid price deficiency notice. With an effective shelf for up to $300,000,000 of securities and an ATM facility already in place, investors may have focused on dilution risk alongside the split.

Key Figures

Reverse split ratio: 1-for-100 Effective trading date: March 27, 2026 Shares outstanding pre-split: 180,401,932 +5 more

Reverse split ratio: 1-for-100; Ordinary shares reverse share split basis
Effective trading date: March 27, 2026; Post-split Class A shares begin trading
Shares outstanding pre-split: 180,401,932; Class A ordinary shares issued and outstanding before split
Par value pre-split: USD0.0001; Per Class A and Class B ordinary share before split
Par value post-split: USD0.01; Per Class A and Class B ordinary share after split
Nasdaq rule: 5550(a)(2); Minimum bid price compliance rule cited for reverse split
Fractional shares treatment: Rounded up; Any fractional shares from split rounded to next whole share
Reverse split factor: 100 shares into 1; Each 100 pre-split shares combine into 1 post-split share

Historical Context

5 past events · Latest: Feb 27

5 events

Feb 27
Acquisition announcement

24h Move

-83.8%

Announced 51% acquisition of Yufengyuan to enter catering services.
Feb 12
Capacity expansion

24h Move

+3.3%

Topping-out of new intelligent kitchen facility, operations expected June 2026.
Nov 20
Share class listing

24h Move

-3.8%

Listing of Class A shares and implementation of dual-class structure on Nasdaq.
Nov 12
Compliance notice

24h Move

-1.2%

Nasdaq notification of minimum $1 bid price deficiency and 180-day cure period.
Nov 07
Fiscal 2025 earnings

24h Move

+7.1%

Reported revenue growth, margin expansion, and narrower net loss for FY 2025.

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

Key Terms

reverse share split, nasdaq capital market, cusip, nasdaq marketplace rule 5550(a)(2), +2 more

6 terms

nasdaq capital market financial

"shares will continue to trade on the Nasdaq Capital Market under the symbol"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

cusip technical

"under the symbol “LBGJ” with a new CUSIP number G5480M110."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

nasdaq marketplace rule 5550(a)(2) regulatory

"compliance with Nasdaq Marketplace Rule 5550(a)(2) relating to the maintenance"

Nasdaq Marketplace Rule 5550(a)(2) sets a minimum share price requirement for companies listed on the Nasdaq Capital Market, typically requiring that a company’s common stock maintain a closing bid of at least $1.00 per share. It matters to investors because failure to meet this threshold can trigger a delisting review, which is similar to failing a safety inspection: the stock may be removed from the exchange or force corporate actions (like a reverse split) that change liquidity, visibility, and how easy it is to buy or sell the shares.

class a ordinary shares financial

"The Company’s Class A ordinary shares will begin trading on a post-split basis"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"outstanding Class A ordinary shares and Class B ordinary shares as of the"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/24/2026 - 04:30 PM

JIANGYIN, China, March 24, 2026 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced that it intends to effect a reverse share split of its ordinary shares on a 1-for-100 basis (the “Reverse Share Split”). The Company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on March 27, 2026. The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “LBGJ” with a new CUSIP number G5480M110.

The Reverse Share Split has been approved by the Company’s shareholders and the Company’s board of directors, and is being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) relating to the maintenance of the minimum bid price per share of the Company’s Class A ordinary shares.

Prior to the Reverse Share Split, there are currently 180,401,932 Class A ordinary shares issued and outstanding. Upon the effectiveness of the Reverse Share Split, every one hundred shares of par value of USD0.0001 each of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares as of the effective date will automatically be combined into one Class A ordinary share of par value of USD0.01 each of the Company and one Class B ordinary share of par value of USD0.01 each of the Company, respectively. Any fractional shares that would have otherwise resulted from the Reverse Share Split will be rounded up to the next whole number and no fractional shares will be issued. The Reverse Share Split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding ordinary shares, except for adjustments that may result from the rounding up of fractional shares.

About Li Bang International Corporation Inc.

Li Bang International Corporation Inc. specializes in the development, production, and sale of stainless-steel commercial kitchen equipment under its own "Li Bang" brand in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, the Company uses modern production facilities and mature procedures and strives to become a first-class commercial kitchen appliance manufacturer in China. The Company's long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company's website at https://ir.libangco.cn.

Forward Looking Statements

Certain statements in this announcement constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. 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 financial results filings with the U.S. Securities and Exchange Commission.

CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn

WFS Investor Relations
Email: services@wealthfsllc.com
Phone: +1 628 283 9214

FAQ

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

How many Li Bang International (LBGJ) shares are outstanding before the 1-for-100 reverse split?

There are 180,401,932 Class A ordinary shares issued and outstanding before the split. According to the company, those shares will be combined on a 1-for-100 basis into post-split shares.

Will Li Bang International (LBGJ) shareholders receive fractional shares after the reverse split?

No fractional shares will be issued; fractional results will be rounded up to the next whole share. According to the company, rounding up may slightly change individual holdings but preserves percentage ownership apart from rounding effects.

Will the reverse split change Li Bang International's (LBGJ) shareholder percentage interests?

The reverse split will not alter percentage interests except for rounding adjustments. According to the company, the split affects all shareholders uniformly and only rounding up of fractional shares may cause minor differences.

What trading symbol and CUSIP will Li Bang International (LBGJ) use after the reverse split?

The company will continue to trade under the symbol LBGJ with a new CUSIP G5480M110. According to the company, this change takes effect when post-split trading begins on March 27, 2026.

Li Bang International Announces 1-for-100 Reverse Share Split