WF Holding Limited Announces Share Consolidation
Shares held through a bank, broker or other nominee will be automatically adjusted for the consolidation.
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Rhea-AI Summary
WF Holding (NASDAQ: WFF) will implement a 1-for-25 share consolidation of its ordinary shares effective October 30, 2026. Post-consolidation trading is expected to begin at the market opening that day, with the ticker remaining WFF.
The consolidation applies only to ordinary shares; the 3,440,664 Class A ordinary shares will remain unchanged. The ordinary share count will move from 145,957,934 to approximately 5,838,318. Every 25 ordinary shares, or part thereof, will become one share, with fractional shares rounded up to the next whole share. Outstanding stock options, warrants and other rights to purchase ordinary shares will be adjusted proportionately. The new CUSIP, the securities identification number, will be G9627R123.
News Explained
The release separately states that WF Holding is authorized to issue 3,600,000,000,000 ordinary shares, while approximately 5,838,318 ordinary shares are expected to be outstanding after the consolidation; authorization is not itself an issuance.
Details
Market Reaction – WFF
On Oct 27, the day this news came out, the latest delayed price for WFF is 21.60% below the previous close. Our momentum scanner has recorded 67 alerts for this stock so far that day. The latest delayed price is $0.07. Relative volume is very high at 3.9x the average.
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Key Figures
- Consolidation ratio
- 1-for-25
- Ordinary shares; effective October 30, 2026
- Pre-consolidation shares outstanding
- 149,398,598 shares
- 145,957,934 ordinary shares and 3,440,664 Class A ordinary shares
- Post-consolidation ordinary shares
- Approximately 5,838,318 shares
- Expected issued and outstanding after consolidation
- Class A shares after consolidation
- 3,440,664 shares
- Unaffected by the consolidation
- Effective date
- October 30, 2026
- Post-consolidation trading expected to begin at market open
Key Terms
cusip financial
par value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Prior to the Share Consolidation, 149,398,598 ordinary shares, consisting of 145,957,934 ordinary shares, par value
Upon the effectuation of the Share Consolidation, shareholders holding shares through a bank, broker or other nominee will have their shares automatically adjusted to reflect the Share Consolidation. Beneficial holders may contact their bank, broker or nominee for more information. Please direct any questions to your broker or the Company's transfer agent, VStock Transfer, LLC, by calling +1 (212) 828-8436.
About WF Holding Limited
Based in Malaysia, WF Holding Limited is an ISO 9001:2015 certified manufacturer of fiberglass reinforced plastic ("FRP") products including tanks, pipes, ducts and custom-made FRP products. With a track record of over 30 years, the Company designs and fabricates products that meet the specific needs of its clients, ensuring high-quality and reliable performance. The Company's high-quality and durable products leverage the advantages of FRP to reinforce critical industrial infrastructure, driving resilience, longevity and sustainability. The Company also delivers a wide range of related services such as consultation, delivery, installation, repair and maintenance.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. 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 U.S. Securities and Exchange Commission.
View original content:https://www.prnewswire.com/news-releases/wf-holding-limited-announces-share-consolidation-302920369.html
SOURCE WF Holding Limited
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