Shengfeng Development Limited Announces 1-for-15 Reverse Stock Split with Marketplace Effective Date on September 8, 2026

Shengfeng Development (SFWL) will implement a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares, with post-split trading expected to begin on the Nasdaq Capital Market on September 8, 2026.

Rhea-AI Summary

Shengfeng Development (SFWL) will implement a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares, with post-split trading expected to begin on the Nasdaq Capital Market on September 8, 2026.

The split, approved at the August 24, 2026 extraordinary general meeting, will reduce outstanding Class A shares from approximately 40,617,513 to approximately 2,707,834 and Class B shares from approximately 41,880,000 to approximately 2,792,000, before fractional share reconciliation. Each fifteen Class A or Class B shares will be converted into one new share. Rights and preferences of the shares will not change, fractional results will be rounded up, and par value per share will increase from US$0.0001 to US$0.0015. VStock Transfer will act as exchange agent, and the new CUSIP for Class A shares will be G8117B 119.

Positive

• Share count consolidation from ~40.6M to ~2.7M Class A shares
• Class B share reduction from ~41.9M to ~2.8M improves share structure clarity
• Fractional shares will be rounded up to the nearest whole share
• Share rights and preferences remain unchanged after the reverse split

Negative

• 1-for-15 reverse split reduces each holder’s share count by a factor of 15
• Par value per share rises from US$0.0001 to US$0.0015

Market Reaction – SFWL

-1.22% $0.82 2.9x vol

15m delay

-1.22% Vs previous close

-3.5% Trough in 0 min

$0.82 Last Price

$0.73 $0.98 Day Range

$67.65M Market Cap

2.9x Rel. Volume

Following this news, SFWL has declined 1.22%, reflecting a mild negative market reaction. Argus tracked a trough of -3.5% from its starting point during tracking. Our momentum scanner has triggered 7 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $0.82. Trading volume is elevated at 2.9x the average, suggesting increased selling activity.

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

Market Context

The stock is surging +16.9% following this news. SFWL's pre-headline move was -7.77%. The active but...

Analysis

The stock is surging +16.9% following this news. SFWL's pre-headline move was -7.77%. The active but ineffective F-3 shelf listed offerings of up to $500,000,000, leaving financing structure as a sourced risk alongside the scheduled share consolidation.

Key Figures

Reverse split ratio: 1-for-15 Marketplace effective date: September 8, 2026 Shareholder approval date: August 24, 2026 +4 more

7 metrics

Reverse split ratio 1-for-15 Class A and Class B ordinary shares

Marketplace effective date September 8, 2026 Post-reverse-split trading on Nasdaq Capital Market

Shareholder approval date August 24, 2026 Extraordinary general meeting

Class A shares after split Approximately 2,707,834 shares Reduced from approximately 40,617,513 shares

Class B shares after split Approximately 2,792,000 shares Reduced from approximately 41,880,000 shares

Class A par value US$0.0015 Proportionally increased from US$0.0001

Class B par value US$0.0015 Proportionally increased from US$0.0001

Key Terms

reverse stock split, par value, CUSIP number, exchange agent

4 terms

reverse stock split financial

"intends to effect a 1-for-15 reverse stock split of the Company's"

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

"The par value of the Class A Ordinary Shares and Class B Ordinary Shares"

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.

CUSIP number technical

"The new CUSIP number for the Class A Ordinary Shares"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

exchange agent regulatory

"will act as the exchange agent for the Reverse Stock Split"

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

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

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FUZHOU, China, Sept. 2, 2026 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company providing customers with integrated logistics solutions in China, today announced that it intends to effect a 1-for-15 reverse stock split of the Company's Class A Ordinary Shares and Class B Ordinary Shares (the "Reverse Stock Split"). The Company anticipates that the Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis upon the opening of the market on September 8, 2026 (the "Effective Date").

Shareholders of the Company approved the reverse stock split at an extraordinary general meeting of shareholders held on August 24, 2026.

On the Effective Date, the Reverse Stock Split will reduce the number of outstanding Class A Ordinary Shares of the Company from approximately 40,617,513 to approximately 2,707,834 and Class B Ordinary shares of the Company from approximately 41,880,000 to approximately 2,792,000, respectively, notwithstanding the reconciliation of fractional shares, and will affect all outstanding ordinary shares. Every fifteen outstanding Class A Ordinary Shares will be converted into one new Class A Ordinary Share, and every fifteen outstanding Class B Ordinary Shares will be converted into one new Class B Ordinary Share.

The Reverse Stock Split will not modify any rights or preferences of the Company's shares. Any fractional share in the total number of issued post-Reverse Stock Split ordinary shares that would have resulted from the Reverse Stock Split will be rounded up to the nearest whole number. The par value of the Class A Ordinary Shares and Class B Ordinary Shares will be proportionally increased from US$0.0001 to US$0.0015.

VStock Transfer, LLC, the Company's transfer agent, will act as the exchange agent for the Reverse Stock Split. Shareholders of record will receive information from VStock Transfer, LLC regarding the transition. Shareholders who hold shares in book-entry form or through a broker or other nominee will have their positions adjusted automatically to reflect the Reverse Stock Split and will not need to take any action. VStock Transfer, LLC can be reached at 212-828-8436 to address questions regarding the exchange process. The new CUSIP number for the Class A Ordinary Shares following the Reverse Stock Split is G8117B 119.

About Shengfeng Development Limited

Shengfeng Development Limited is a contract logistics company in China providing customers with integrated logistics solution services. Established in 2001, the Company has developed extensive and reliable transportation networks in China. The Company provides integrated logistics solutions comprised of B2B freight transportation services, cloud storage services, and value-added services. The Company applies well-established management system and operation procedures to assist companies in China to increase efficiency and improve their own management systems with respect to transportation, warehousing and time management. For more information, please visit the Company's website: http://ir.sfwl.com.cn/.

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 ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, 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 ("SEC"). 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 SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on March 27, 2026, as well as its current reports on Form 6-K and other filings, all of 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, except as may be required by law.

View original content:https://www.prnewswire.com/news-releases/shengfeng-development-limited-announces-1-for-15-reverse-stock-split-with-marketplace-effective-date-on-september-8-2026-302865210.html

SOURCE Shengfeng Development Limited

FAQ

What reverse stock split did Shengfeng Development (SFWL) announce?

Shengfeng Development announced a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares. Each block of fifteen existing shares will be converted into one new share of the same class.

When does the Shengfeng Development (SFWL) reverse stock split take effect?

The reverse stock split is expected to take effect on September 8, 2026, when Shengfeng Development’s Class A Ordinary Shares begin trading on a post-split basis on the Nasdaq Capital Market at the market open.

How will the Shengfeng Development (SFWL) reverse split change outstanding share counts?

On the effective date, outstanding Class A shares will decrease from about 40,617,513 to about 2,707,834, and Class B shares from about 41,880,000 to about 2,792,000, before reconciling fractional shares created by the 1-for-15 reverse split.

Will Shengfeng Development (SFWL) shareholder rights change after the reverse split?

The company states that the reverse stock split will not modify any rights or preferences of its Class A or Class B Ordinary Shares. Only the number of shares and par value per share will change under the announced terms.

How will fractional shares be handled in the Shengfeng Development (SFWL) reverse split?

Any fractional share that would result from the 1-for-15 reverse stock split will be rounded up to the nearest whole share in the total number of issued post-split ordinary shares, avoiding fractional share positions for investors.

Do Shengfeng Development (SFWL) shareholders need to take action for the reverse split?

Shareholders holding in book-entry form or through a broker or nominee will have positions adjusted automatically and need not act. Shareholders of record will receive instructions from VStock Transfer, which serves as the exchange agent.

What is the new CUSIP for Shengfeng Development (SFWL) Class A shares after the reverse split?

Following the 1-for-15 reverse stock split, the new CUSIP number for Shengfeng Development’s Class A Ordinary Shares will be G8117B 119, as disclosed in the company’s announcement.