PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES THE NUMBER OF PRE-REVERSE SPLIT AND POST-REVERSE SPLIT CLASS A ORDINARY SHARES
Rhea-AI Summary
Premium Catering (Nasdaq: PC) has announced details of its previously disclosed 1:9 reverse stock split of Class A Ordinary Shares. The reverse split will take effect on July 22, 2025, with a record date of July 21, 2025. Following the implementation, the company's outstanding Class A Ordinary Shares will be reduced from 18,652,750 to 2,072,528 shares.
The stock will continue trading under the same ticker symbol "PC" on the Nasdaq Capital Market after the consolidation takes effect.
Positive
- None.
Negative
- Significant reduction in outstanding shares could impact stock liquidity
- Reverse split often indicates previous stock price decline concerns
SINGAPORE, July 18, 2025 (GLOBE NEWSWIRE) -- Premium Catering (Holdings) Limited (“PC” or the “Company”) (Nasdaq: PC), previously announced a Share Consolidation (“Reverse Split”) of its Class A Ordinary Shares on July 11, 2025. A Reverse Stock Split of 1:9 will take place with a record date of July 21, 2025, and the Class A Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on the Nasdaq Capital Market as of the open of trading on July 22, 2025, under the existing ticker symbol of “PC”. Currently, there are 18,652,750 Class A Ordinary Shares issued and outstanding. Following the Reverse Stock Split, the number of Class A Ordinary Shares issued and outstanding will be 2,072,528.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Premium Catering (Holdings) Limited
Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh and Chinese cuisine and has over 11 years of experience in the catering services industry in Singapore. The Group primarily supplies budget prepared meals to foreign construction workers in Singapore. In addition, the Group operates food stalls and provides buffet catering services for private functions as well as ancillary delivery services. Since 2019, the Group has introduced smart incubators where prepared meals are placed in them for collection by the customer. The smart incubators are the Company’s custom-made compartmentalized, heated and insulated food vending lockers which are used to deliver budget prepared meals to customers in a secured, hygienic, contactless manner at a pre-set temperature.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “are expected,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Contact:
Sarah Loh
The Chief Financial Officer
Telephone +65-67901488
IR@premium-catering.com.sg
FAQ
What is the ratio of Premium Catering's (PC) reverse stock split in 2025?
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