/C O R R E C T I O N -- Republic Power Group Limited (NASDAQ: RPGL)/

Rhea-AI Summary

Republic Power Group (NASDAQ: RPGL) corrected the market effective date for its 1-for-20 reverse share split to be effective at the open of business on February 24, 2026. The split will reduce Class A shares from 62,025,000 to approximately 3.1 million and set a new par value of $0.0125 per share.

The Class A shares will trade on Nasdaq under RPGL with new CUSIP G7523E113. The company expects the post-split share price to be approximately 20 times the pre-split price but cautions it cannot guarantee price maintenance. No fractional shares will be issued; fractional interests will be rounded up.

Positive

• Planned compliance with Nasdaq $1.00 minimum bid requirement
• Outstanding Class A shares reduced from 62,025,000 to ~3.1 million
• New CUSIP assigned: G7523E113, aiding post-split trading clarity

Negative

• Company cannot assure post-split price will reflect the 1-for-20 ratio
• Reverse split signals prior noncompliance with Nasdaq minimum bid price
• No public market for Class B shares, limiting liquidity for that class

News Market Reaction

-14.16%

11 alerts

-14.16% News Effect

-19.1% Trough in 3 hr 40 min

-$973K Valuation Impact

$6M Market Cap

0.0x Rel. Volume

On the day this news was published, RPGL declined 14.16%, reflecting a significant negative market reaction. Argus tracked a trough of -19.1% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $973K from the company's valuation, bringing the market cap to $6M at that time.

Data tracked by StockTitan Argus on the day of publication.

In the news release, " Republic Power Group Limited Announces 1-For-20 Reverse Share Split", issued on February 19, 2026 by Republic Power Group Limited over PR Newswire, we are advised by the company that the market effective date of the reverse share split should be February 24, 2026, rather than February 23, 2026, as originally issued inadvertently. Complete, corrected release follows:

Republic Power Group Limited Announces 1-For-20 Reverse Share Split

SINGAPORE, Feb. 19, 2026 /PRNewswire/ -- Republic Power Group Limited (NASDAQ: RPGL), today announced that it will effect a reverse share split of its Class A ordinary shares, par value $0.000625 per share (the "Class A Ordinary Shares") and Class B ordinary shares, par value $0.000625 per share (the "Class B Ordinary Shares"), at a ratio of 1-for-20, to be effective at the open of business on February 24, 2026.

Our Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on February 24, 2026. There is no public market for our Class B Ordinary Shares. Following the reverse share split, the Class A Ordinary Shares will have a new par value of $0.0125 per share and will continue to trade on Nasdaq under the symbol "RPGL" with the new CUSIP number, G7523E113. The reverse share split is expected to lead the Company's Class A Ordinary Shares to trade at approximately 20 times the price per share at which it trades prior to the effectiveness of the reverse share split. The Company, however, cannot assure that the price of its Class A Ordinary Shares after the reverse split will reflect the 1-for-20 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Class A Ordinary Share for continued listing on Nasdaq.

No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Class A Ordinary Shares.

The reverse share split will reduce the number of issued and outstanding shares of the Company's Class A Ordinary Shares from 62,025,000 to approximately 3.1 million shares, subject to any adjustments resulting from the treatment of the fractional shares.

On February 2, 2026, the board of directors of the Company approved the reverse share split of the Class A Ordinary Shares and Class B Ordinary Shares, at a ratio of 1-for-20.

Transhare Corporation is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse share split.

Transhare Corporation will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis. Shareholders are encouraged to contact their bank, broker or custodian with any procedural questions.

About Republic Power Group Limited

Republic Power Group Ltd. is a Singapore-based company engaged in developing customized enterprise resource planning ("ERP") software solutions, consulting and technical support services, and peripheral hardware.

For more information on our latest innovations and developments, visit https://republicpower.net/.   

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company's goals and strategies; the Company's future business development; the Company's future acquisition opportunities; the Company's ability to identify any acquisition opportunities that fit with our business strategies; the Company's ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/republic-power-group-limited-announces-1-for-20-reverse-share-split-302692939.html

SOURCE Republic Power Group Limited

FAQ

When will Republic Power Group (RPGL) reverse share split become effective?

The reverse split will be effective at the open of Nasdaq on February 24, 2026. According to the company, the market effective date was corrected from February 23 to February 24, 2026, and trading will reflect the split-adjusted share count at open.

What is the reverse split ratio and how many RPGL shares will remain outstanding?

Republic Power Group will effect a 1-for-20 reverse split, reducing shares to ~3.1 million. According to the company, issued Class A shares will decrease from 62,025,000 to approximately 3.1 million, subject to adjustment for fractional-share treatment.

Will RPGL shares keep the same ticker and will there be a new CUSIP after the split?

RPGL will continue trading under the symbol RPGL, with a new CUSIP G7523E113. According to the company, Class A shares will trade on Nasdaq under the same ticker and the new CUSIP will apply post-split.

Why is Republic Power Group doing a 1-for-20 reverse split (RPGL)?

The reverse split is intended to help the company regain compliance with Nasdaq's $1.00 minimum bid requirement. According to the company, the action aims to increase the per-share price to meet continued listing standards.

Will RPGL issue fractional shares after the reverse split and how are they handled?

No fractional shares will be issued; fractional interests will be rounded up to whole shares. According to the company, Transhare Corporation will act as exchange and paying agent and handle certificate exchanges and rounding procedures.

How certain is the post-split RPGL share price to reflect the 1-for-20 ratio?

The company does not guarantee the post-split price will reflect the exact 1-for-20 ratio or be maintained. According to the company, market forces may alter the share price and there is no assurance the price will stay above pre-split levels.