Phaos Technology Holdings (Cayman) Limited Announces One-For-Fifteen Reverse Stock Split

The consolidation preserves proportionate ownership, except for minor changes from rounding fractional shares.

Rhea-AI Summary

Phaos Technology Holdings (POAS) announced a one-for-fifteen reverse stock split expected to take effect on October 12, 2026.

Shareholders approved the consolidation at the extraordinary general meeting on August 31, 2026. Every fifteen Class A ordinary shares will become one Class A share, and every fifteen Class B ordinary shares will become one Class B share. Shareholders’ proportionate ownership interests will remain unchanged, except for minor changes from rounding fractional shares up to the nearest whole share.

News Explained

Shareholders approved the one-for-fifteen consolidation, which is expected to take effect on October 12, 2026; it reduces each class’s share count and raises its per-share price proportionally, while the split itself leaves company value unchanged and rounding can slightly alter ownership.

Argus 15 min delay 7 alerts

-7.36% vs previous close $0.16 last price 90.2x rel. volume Open Argus

Details

Market move: POAS -7.36% vs previous close. 1-for-15 reverse stock split

-4.0% Trough in 3 min

$0.15 – $0.19 Day Range

$5.21M Market Cap

On Oct 2, the day this news came out, the latest delayed price for POAS is 7.36% below the previous close. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner has recorded 7 alerts for this stock so far that day. The latest delayed price is $0.16. Relative volume is exceptionally heavy at 90.2x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Reverse split ratio: 1-for-15 Expected effective date: October 12, 2026

Reverse split ratio

1-for-15

Applies to Class A and Class B ordinary shares

Expected effective date

October 12, 2026

Reverse stock split

Historical Context

1 past event · Latest: Sep 04

1 event

1. Sep 04

   Share consolidation

   24h Move

   +0.8%

   Shareholders approved the same 15-for-1 consolidation now scheduled to take effect.

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

Key Terms

reverse stock split, par value

2 terms

reverse stock split financial

"announces Reverse Stock Split."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

par value financial

"Class A ordinary shares of par value US$0.0001 each"

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.

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

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SINGAPORE, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Phaos Technology Holdings (Cayman) Limited, (NYSE American: POAS), (“Phaos” or “the Company”), an advanced microscopy solutions headquartered in Singapore, today announces Reverse Stock Split.

At the Company’s extraordinary general meeting of shareholders held on August 31, 2026, the Company’s shareholders approved a Reverse Stock Split of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of one-for-fifteen (the “Reverse Stock Split”). As a result of the Reverse Stock Split, every fifteen (15) Class A ordinary shares of par value US$0.0001 each will be consolidated into one (1) Class A ordinary share of par value US$0.0015, and every fifteen (15) Class B ordinary shares of par value US$0.0001 each will be consolidated into one (1) Class B ordinary share of par value US$0.0015. No fractional shares will be issued in connection with the Reverse Stock Split; any fractional shares that would otherwise result will be rounded up to the nearest whole share. The Reverse Stock Split will not affect any shareholder’s proportionate ownership interest in the Company, except for minor changes arising from the rounding of fractional shares. The Reverse Stock Split is expected to become effective on October 12, 2026.

About Phaos Technology Holdings (Cayman) Limited
Phaos Technology Holdings (Cayman) Limited is an advanced microscopy technology company. Our commitment to innovation and excellence drives us to deliver state-of-the-art microscopy products and software solutions, powered by artificial intelligence, for diverse sectors including manufacturing, biomedical, and research. Experience the difference with Phaos Technology – where innovation meets sophistication, shaping the future of optical technology. For more information, please visit www.phaostech.com.

Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the United States Securities and Exchange Commission, which are available, free of charge, on the SEC’s website at www.sec.gov.

For more information please contact:

Company Contact:
Phaos Technology Holdings (Cayman) Limited
(65) 6250 3877
ir@phaostech.com

FAQ

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

When is the Phaos Technology (POAS) reverse stock split expected to take effect, and what is the ratio?

The reverse stock split is expected to take effect on October 12, 2026, at a one-for-fifteen ratio. Every fifteen Class A ordinary shares will consolidate into one Class A share, and the same ratio applies to Class B ordinary shares.