Ridgetech, Inc. Announces 1-for-150 Reverse Share Split

Rhea-AI Summary

Ridgetech (Nasdaq: RDGT) announced a 1-for-150 reverse share split effective April 7, 2026 at 5:00 p.m. ET, with split-adjusted trading beginning at the market open the next trading day.

The company reported 134,835,960 shares outstanding as of April 2, 2026, which is expected to become approximately 898,906 shares outstanding after the split (subject to fractional rounding). Trading will continue on Nasdaq under RDGT and the new CUSIP is G2124G 203. Fractional shares will be rounded up to the nearest whole share.

Positive

• Outstanding shares expected to drop to approximately 898,906
• Reverse split implemented uniformly for all shareholders

Negative

• Fractional-share rounding up may slightly increase post-split share count
• Reverse split may reduce tradable share liquidity for RDGT

Key Figures

Reverse split ratio: 1-for-150 Shares outstanding pre-split: 134,835,960 shares Shares outstanding post-split: 898,906 shares +5 more

8 metrics

Reverse split ratio 1-for-150 Ordinary share consolidation effective April 7, 2026

Shares outstanding pre-split 134,835,960 shares Ordinary Shares outstanding as of April 2, 2026

Shares outstanding post-split 898,906 shares Expected Ordinary Shares after 1-for-150 reverse split

Par value pre-split US$0.001 per share Ordinary Shares prior to reverse split

Par value post-split US$0.15 per share Ordinary Shares after reverse split

Effective date April 7, 2026 Reverse share split effectiveness with Cayman Registrar

52-week high $5.07 Pre-news trading range context

52-week low $0.0225 Pre-news trading range context

Market Reality Check

Price: $2.42 Vol: Volume 50,152,376 is slig...

normal vol

$2.42 Last Close

Volume Volume 50,152,376 is slightly below the 20-day average 56,136,439 (relative volume 0.89). normal

Technical Price at 0.0246 trades well below the 200-day MA of 1.93, reflecting prolonged weakness ahead of the reverse split.

Peers on Argus

RDGT was down 11.51% while peers showed mixed moves: WGRX down 5.14% and HSDT up...

1 Up 1 Down

RDGT was down 11.51% while peers showed mixed moves: WGRX down 5.14% and HSDT up 9.41%, indicating company-specific pressure rather than a broad Healthcare/Pharmaceutical Retailers move.

Historical Context

1 past event · Latest: Mar 04 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Mar 04	Growth strategy update	Positive	-1.9%	Announced 2026 dual-engine growth and supply chain integration strategy.

Pattern Detected

Limited history shows a negative price reaction following a positive strategic update, suggesting sensitivity to dilution/structure concerns and execution risk.

Recent Company History

On Mar 04, 2026, Ridgetech announced a dual-engine growth strategy focused on supply chain integration, digital expansion via Allright, and tighter controls, targeting >300,000 customers and 30% YoY B2B growth. Despite the constructive tone, shares fell 1.88% over the next day. Today’s reverse share split follows that strategic update and occurs with the stock trading near its 52-week low and far below the 52-week high, highlighting ongoing market skepticism.

Market Pulse Summary

This announcement details a 1-for-150 reverse share split that sharply reduces the Ordinary Share co...

Analysis

This announcement details a 1-for-150 reverse share split that sharply reduces the Ordinary Share count from 134,835,960 to about 898,906, with par value moving from US$0.001 to US$0.15 per share. The move follows a March growth strategy update and occurs while the stock trades near its 52-week low and well under its 200-day MA. Investors may watch post-split liquidity, continued NASDAQ listing status, and execution of the wholesale-focused strategy.

Key Terms

reverse share split, cusip, par value, memorandum and articles of association, +1 more

5 terms

reverse share split financial

"announced that it expects to implement a 1-for-150 reverse share split on its"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

cusip financial

"The new CUSIP number for the Ordinary Shares following the reverse share split"

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.

par value financial

"Ordinary Shares, par value US$0.001 per share, will automatically be converted"

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.

memorandum and articles of association regulatory

"file a Fifth Amended and Restated Memorandum and Articles of Association with"

Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

cayman islands exempted company regulatory

"Ridgetech, Inc., a Cayman Islands exempted company (the "Company") (Nasdaq:"

A Cayman Islands exempted company is a legal entity incorporated under Cayman Islands law that is set up to do business mainly outside the islands; it offers flexible rules, limited local reporting and tax neutrality. For investors, it matters because the company’s legal protections, shareholder rights, disclosure requirements and tax treatment follow Cayman law rather than the investor’s home jurisdiction, which can affect governance, transparency and how easy it is to enforce claims—think of it like a car registered in another state for legal and tax reasons.

AI-generated analysis. Not financial advice.

HANGZHOU, China, April 3, 2026 /PRNewswire/ -- Ridgetech, Inc., a Cayman Islands exempted company (the "Company") (Nasdaq: RDGT), a wholesale distributor of pharmaceutical and other healthcare products in China, today announced that it expects to implement a 1-for-150 reverse share split on its ordinary shares ("Ordinary Shares") effective Tuesday, April 7, 2026 at 5:00 p.m. Eastern Time, with trading to begin on a split‑adjusted basis at the market open on the next trading day. Trading in the Ordinary Shares will continue on the Nasdaq Capital Market under the symbol "RDGT." The new CUSIP number for the Ordinary Shares following the reverse share split is G2124G 203. As of April 2, 2026, the Company had 134,835,960 Ordinary Shares outstanding; following the reverse share split, the Company expects to have approximately 898,906 Ordinary Shares outstanding, subject to adjustment for fractional share rounding.

Upon the effectiveness of the reverse share split, every 150 shares of the Company's issued and outstanding Ordinary Shares, par value US$0.001 per share, will automatically be converted into one issued and outstanding Ordinary Share, par value US$0.15 per share. No fractional shares will be issued as a result of the reverse share split. Instead, any fractional shares that would have resulted from the split will be rounded up to the nearest whole share. 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 treatment of fractional shares.

The reverse share split at a ratio of 1-for-150 shares was approved by the Company's board of directors and its shareholders. The Company is to file a Fifth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies effective April 7, 2026.

About Ridgetech, Inc.

Ridgetech, Inc. ("Ridgetech" or the "Company"), is a growing online and offline wholesale distributor of pharmaceutical and other healthcare products in China. Ridgetech actively trades on popular online distribution platforms nationwide and has its own online distribution platform. The Company believes that trading on these platforms offers greater opportunities to distribute pharmaceutical products nationwide. For more information about the Company, please visit www.ridgetch.com. The Company routinely posts important information on its website.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in 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 current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements include, but are not limited to, statements concerning the expected benefits from the cooperation arrangements with premier pharmaceutical companies and the investment in its proprietary digital customer operations platform. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. The Company undertakes no obligation to update 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 can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements including risks related to the Company's ability to satisfy applicable procurement conditions, changes in market demand, the Company's ability to successfully implement and promote its digital platform, and those other risks described in the Company's most recent registration statement, most recent annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Company Contact: 

Frank Zhao
Interim Chief Executive Officer and Chief Financial Officer
+86-571-88077108
frank.zhao@ridgetch.com

Investor Relations Contact:

Tina Xiao
Ascent Investor Relations LLC
+1-646-932-7242
investors@ascent-ir.com

View original content:https://www.prnewswire.com/news-releases/ridgetech-inc-announces-1-for-150-reverse-share-split-302733570.html

SOURCE Ridgetech, Inc.

FAQ

What is the reverse share split for Ridgetech (RDGT) and when is it effective?

The reverse split is 1-for-150 and is effective April 7, 2026 at 5:00 p.m. ET. According to the company, trading will resume on a split-adjusted basis at the market open the next trading day under the symbol RDGT.

How many RDGT shares will be outstanding after the 1-for-150 reverse split on April 7, 2026?

Ridgetech expects approximately 898,906 ordinary shares outstanding after the split. According to the company, this estimate is based on 134,835,960 shares outstanding as of April 2, 2026, subject to adjustment for fractional-share rounding.

Will RDGT shareholders receive fractional shares after the April 7, 2026 reverse split?

No fractional shares will be issued; fractional amounts will be rounded up to the nearest whole share. According to the company, any fractional shares resulting from the 1-for-150 split will be automatically rounded up.

Will Ridgetech's trading symbol or CUSIP change after the April 7, 2026 reverse split?

Trading will remain on Nasdaq under the symbol RDGT, and the new CUSIP will be G2124G 203. According to the company, only the CUSIP is updated; the trading symbol stays the same.

How does the 1-for-150 reverse split affect shareholders' percentage ownership in RDGT?

The reverse split does not alter any shareholder's percentage interest, except for fractional-share rounding effects. According to the company, percentage ownership remains uniform across shareholders aside from rounding adjustments.

Who approved Ridgetech's 1-for-150 reverse split (RDGT) effective April 7, 2026?

The reverse split was approved by Ridgetech's board of directors and its shareholders. According to the company, the board and shareholders authorized the 1-for-150 ratio and related amendments to its Cayman articles.