Top KingWin Ltd Announces 1-For-25 Reverse Share Split
Top KingWin Ltd (Nasdaq: WAI) has announced a 1-for-25 reverse share split of its class A ordinary shares, effective May 5, 2025. The reverse split will reduce the company's outstanding shares from approximately 180 million to 7.2 million. Following the split, shares will continue trading under the symbol "WAI" with a new CUSIP number G8923U111 and adjusted par value of $0.0025 per share.
The primary purpose of this corporate action is to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The split will also affect shares issuable under outstanding derivative securities and equity incentive plans, with proportionate adjustments to exercise prices. VStock Transfer, LLC will serve as the exchange agent, with no action required from shareholders holding shares in book-entry form or brokerage accounts.
Top KingWin Ltd (Nasdaq: WAI) ha annunciato un split azionario inverso 1-per-25 delle sue azioni ordinarie di classe A, con effetto dal 5 maggio 2025. Lo split ridurrà il numero di azioni in circolazione da circa 180 milioni a 7,2 milioni. Dopo lo split, le azioni continueranno a essere negoziate con il simbolo "WAI", con un nuovo numero CUSIP G8923U111 e un valore nominale rettificato di 0,0025 dollari per azione.
L'obiettivo principale di questa operazione societaria è ristabilire la conformità al requisito minimo del prezzo di offerta di Nasdaq, fissato a 1,00 dollaro per azione. Lo split influenzerà anche le azioni emesse in base a titoli derivati in essere e ai piani di incentivazione azionaria, con adeguamenti proporzionali ai prezzi di esercizio. VStock Transfer, LLC agirà come agente di scambio, senza che sia richiesta alcuna azione da parte degli azionisti con azioni in forma elettronica o in conti di intermediazione.
Top KingWin Ltd (Nasdaq: WAI) ha anunciado una consolidación inversa de acciones 1 por 25 de sus acciones ordinarias clase A, efectiva a partir del 5 de mayo de 2025. La consolidación reducirá las acciones en circulación de aproximadamente 180 millones a 7.2 millones. Tras la consolidación, las acciones seguirán cotizando bajo el símbolo "WAI" con un nuevo número CUSIP G8923U111 y un valor nominal ajustado de $0.0025 por acción.
El propósito principal de esta acción corporativa es recuperar el cumplimiento con el requisito mínimo de precio de oferta de Nasdaq de $1.00 por acción. La consolidación también afectará a las acciones emitibles bajo valores derivados vigentes y planes de incentivos de capital, con ajustes proporcionales en los precios de ejercicio. VStock Transfer, LLC actuará como agente de intercambio, sin que los accionistas con acciones en forma electrónica o en cuentas de corretaje deban realizar ninguna acción.
Top KingWin Ltd (나스닥: WAI)는 2025년 5월 5일부터 효력이 발생하는 1대 25 역병합을 발표했습니다. 이번 역병합으로 회사의 발행 주식 수는 약 1억 8천만 주에서 720만 주로 줄어듭니다. 병합 후 주식은 "WAI"라는 심볼로 계속 거래되며, 새로운 CUSIP 번호 G8923U111과 조정된 액면가 $0.0025가 적용됩니다.
이번 기업 조치의 주된 목적은 나스닥의 최소 입찰 가격 요건인 주당 $1.00을 충족하여 규정을 준수하기 위함입니다. 병합은 기존 파생 증권과 주식 인센티브 플랜에 따라 발행 가능한 주식에도 영향을 미치며, 행사 가격도 비례하여 조정됩니다. VStock Transfer, LLC가 교환 대리인으로 지정되며, 전자 등록 형태 또는 중개 계좌에 주식을 보유한 주주는 별도의 조치를 취할 필요가 없습니다.
Top KingWin Ltd (Nasdaq : WAI) a annoncé une consolidation inversée d'actions au ratio de 1 pour 25 de ses actions ordinaires de classe A, effective à partir du 5 mai 2025. Cette opération réduira le nombre d'actions en circulation d'environ 180 millions à 7,2 millions. Après la consolidation, les actions continueront d'être négociées sous le symbole "WAI" avec un nouveau numéro CUSIP G8923U111 et une valeur nominale ajustée de 0,0025 $ par action.
L'objectif principal de cette action est de se conformer de nouveau à l'exigence minimale du prix de l'offre de Nasdaq, fixée à 1,00 $ par action. La consolidation affectera également les actions pouvant être émises en vertu des titres dérivés en circulation et des plans d'incitation en actions, avec des ajustements proportionnels des prix d'exercice. VStock Transfer, LLC agira en tant qu'agent d'échange, sans qu'aucune action ne soit requise de la part des actionnaires détenant des actions en forme dématérialisée ou sur comptes de courtage.
Top KingWin Ltd (Nasdaq: WAI) hat eine 1-zu-25 Reverse-Aktienzusammenlegung seiner Stammaktien der Klasse A angekündigt, die am 5. Mai 2025 wirksam wird. Durch die Zusammenlegung wird die Anzahl der ausstehenden Aktien von etwa 180 Millionen auf 7,2 Millionen reduziert. Nach der Zusammenlegung werden die Aktien weiterhin unter dem Symbol "WAI" gehandelt, mit einer neuen CUSIP-Nummer G8923U111 und einem angepassten Nennwert von 0,0025 USD pro Aktie.
Der Hauptzweck dieser Unternehmensmaßnahme besteht darin, die Einhaltung der Mindestgebotspreisvorgabe der Nasdaq von 1,00 USD pro Aktie wiederherzustellen. Die Zusammenlegung wirkt sich auch auf unterliegende derivative Wertpapiere und Aktienanreizpläne aus, wobei die Ausübungspreise proportional angepasst werden. VStock Transfer, LLC fungiert als Austauschagent, und Aktionäre mit Aktien in Buchform oder in Depotkonten müssen keine Maßnahmen ergreifen.
- Potential compliance with Nasdaq's minimum bid price requirement of $1.00
- No action required from most shareholders as the process is handled automatically
- Higher stock price could attract institutional investors and improve market perception
- Significant reduction in total outstanding shares from 180M to 7.2M indicates severe price deterioration
- Reverse splits are often viewed negatively by the market as a sign of company distress
- Risk of continued non-compliance with Nasdaq listing requirements if share price doesn't stabilize
Insights
Top KingWin's 1-for-25 reverse split aims to meet Nasdaq's $1 minimum price requirement but signals underlying share price weakness.
This reverse share split represents a defensive financial maneuver by Top KingWin to maintain its Nasdaq listing. The 1-for-25 ratio will mechanically reduce outstanding shares from
While a reverse split is mathematically neutral to company valuation and doesn't change proportional ownership, the market often interprets these actions negatively as they signal underlying price weakness. The primary benefit is maintaining Nasdaq listing status, which preserves liquidity, trading visibility, and access to capital markets.
Shareholders should note that their holdings will automatically adjust (25 previous shares become 1 new share) with fractional shares rounded up. No action is required for most investors, though certificate holders will receive instructions from the transfer agent. The new shares will have an adjusted par value of
This corporate action follows shareholder approval on April 22, indicating investor recognition of the necessity to maintain listing compliance, despite the potential market perception issues typically associated with reverse splits.
Guangzhou, China, May 01, 2025 (GLOBE NEWSWIRE) -- Top KingWin Ltd (“Top KingWin” or the “Company”) (Nasdaq: WAI) today announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value
Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on or around Monday, May 5, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of
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 Ordinary Shares. In addition, the reverse share split will apply to the Ordinary Shares issuable upon the exercise of the Company’s outstanding derivative securities, with proportionate adjustments to be made to the exercise prices and number of derivates thereof and under the Company’s equity incentive plans.
The reverse share split will reduce the number of issued and outstanding shares of the Company’s Ordinary Shares from approximately 180 million to approximately 7.2 million.
On April 22, 2025, the shareholders of the Company approved the reverse share split of the Ordinary Shares, at a ratio of 1-for-25.
VStock Transfer, LLC 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.
VStock Transfer, LLC 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 Top KingWin Ltd
Top KingWin’s main clients are entrepreneurs and executives in small and medium-sized enterprises in China. Services provided by Top KingWin to its clients including (i) corporate business training services, which mainly focus on providing training services of advanced knowledge and new perspectives on the capital markets, (ii) corporate consulting services, which mainly focus on providing a combination of customized corporate consulting services to fulfill client's unique financial needs, (iii) advisory and transaction services, which mainly focus on connecting entrepreneurs and businesses with diversified sources of capital, and (iv) sales of devices to support artificial intelligence data collection and analysis. Its mission is to provide comprehensive services to address clients' needs throughout all phases of their development and growth.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the use of proceeds from the Company's offering, the intent, belief or current expectations of Top KingWin and members of its management, as well as the assumptions on which such statements are based. 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. 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 cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
For more information, please contact:
Bonnie
Email: IR@tcjhgw.cn
FAQ
What is the reverse stock split ratio for Top KingWin (WAI) and when is it effective?
Why is Top KingWin (WAI) conducting a reverse stock split?
What happens to fractional shares in WAI's reverse stock split?
Do WAI shareholders need to take any action for the reverse split?
What is WAI's new CUSIP number after the reverse split?
