ZETA NETWORK GROUP ANNOUNCES REVERSE SHARE SPLIT

Rhea-AI Summary

Zeta Network Group (Nasdaq: ZNB) will implement an 8‑for‑1 reverse share split of its authorized, issued and outstanding shares, effective with the market open on July 27, 2026. The move is intended to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain the Nasdaq listing.

Following the share consolidation, ZNB’s Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol “ZNB” with a new CUSIP G2287A159. Each 8 Class A shares will automatically convert into 1 share, with no shareholder action required. No fractional shares will be issued; instead, each shareholder will receive 1 whole share in lieu of any fractional entitlement.

According to Zeta, authorized share capital remains US$32,000,000 but is restructured from 11.2 billion Class A and 1.6 billion Class B shares at par US$0.0025 to 1.4 billion Class A and 200 million Class B shares at par US$0.02. Issued and outstanding Class A shares will change from 7,758,868 to approximately 969,859, and Class B shares from 5 to 1, each at par value US$0.02.

Positive

• 8‑for‑1 reverse split to support Nasdaq Rule 5550(a)(2) compliance
• Maintains total authorized capital at US$32,000,000 post‑consolidation
• Issued Class A share count reduced from 7,758,868 to ~969,859
• Single Class B share post‑split may simplify capital structure disclosure

Negative

• Reverse split at 8‑for‑1 often interpreted as response to low share price
• Public float of Class A shares reduced to ~969,859, potentially affecting liquidity

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

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NEW YORK, July 23, 2026 /PRNewswire/ -- Zeta Network Group ("Zeta" or the "Company") (Nasdaq: ZNB), today announced that the Company's board of directors approved on July 1, 2026, that the authorised, issued, and outstanding shares of the Company be consolidated on an 8 for 1 ratio with the marketplace effective date of July 27, 2026.

The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.

Beginning with the opening of trading on July 27, 2026, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "ZNB" but under a new CUSIP number, G2287A159.

As a result of the share consolidation, each 8 Class A ordinary shares outstanding will automatically combine and convert to one issued and outstanding Class A ordinary share without any action on the part of the shareholders. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.

At the time the share consolidation is effective, the Company's authorized share capital is changed from USD$32,000,000.00 divided into 11,200,000,000 granted Class A Ordinary shares with a nominal or par value of USD$0.0025 and 1,600,000,000 Class B Ordinary shares with a nominal or par value of USD$0.0025 each, to USD$32,000,000.00 divided into 1,400,000,000 Class A Ordinary shares with a nominal or par value of USD$0.02 each and 200,000,000 Class B Ordinary shares with a nominal or par value of USD$0.02 each. The Company's total issued and outstanding Class A ordinary shares will be changed from 7,758,868 Class A ordinary shares with a par value of US$0.0025 per share to approximately 969,859 Class A ordinary shares with a par value of US$0.02 per share. The Company's total issued and outstanding Class B ordinary shares will be changed from 5 Class B ordinary shares with a par value of US$0.0025 per share to 1 Class B ordinary shares with a par value of US$0.02 per share.

About Zeta Network Group (Nasdaq: ZNB)

Zeta Network Group (Nasdaq: ZNB) is a U.S.-listed digital infrastructure and financial technology company pioneering the convergence of traditional finance and the digital asset economy. The Company is developing a Bitcoin-centric institutional finance platform that integrates digital asset treasury management, Bitcoin liquidity aggregation, and sustainable Bitcoin mining operations, all within a regulated Nasdaq framework.

Led by a global team of finance and technology experts, Zeta is redefining institutional digital finance by merging the governance and transparency of a public company with the innovation and scalability of blockchain to create a trusted bridge between capital markets and decentralized finance.

For more information, visit ir.thezetanetwork.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include, among other things, statements regarding anticipated financial performance, strategy, and the potential impact of the transaction described herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Zeta Network Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View original content:https://www.prnewswire.com/news-releases/zeta-network-group-announces-reverse-share-split-302833292.html

SOURCE Zeta Network Group

FAQ

What is the reverse share split ratio for Zeta Network Group (Nasdaq: ZNB) in July 2026?

Zeta Network Group is implementing an 8‑for‑1 reverse share split. According to Zeta, every 8 Class A ordinary shares outstanding will automatically combine into 1 share, with no action required from shareholders and no fractional shares issued.

When does the Zeta Network Group (ZNB) reverse stock split take effect on Nasdaq?

The Zeta Network Group reverse split becomes effective July 27, 2026. According to Zeta, trading of Class A ordinary shares will begin on a split‑adjusted basis at the market open that day on the Nasdaq Capital Market under the symbol ZNB.

How will Zeta Network Group’s authorized share capital change after the ZNB reverse split?

Authorized capital stays at US$32,000,000 but is restructured. According to Zeta, Class A authorization changes from 11.2 billion shares at US$0.0025 par to 1.4 billion shares at US$0.02 par; Class B from 1.6 billion to 200 million shares at US$0.02 par.

What happens to Zeta Network Group ZNB shareholders’ fractional shares after the reverse split?

No fractional shares will be issued in the ZNB reverse split. According to Zeta, each shareholder will instead receive one whole share of the company in lieu of any fractional share that would otherwise result from the 8‑for‑1 consolidation.

How many Zeta Network Group (ZNB) shares will be outstanding after the reverse share split?

Post‑split, Zeta expects about 969,859 Class A shares and 1 Class B share outstanding. According to Zeta, this is a change from 7,758,868 Class A and 5 Class B shares previously, with each post‑split share having a par value of US$0.02.

Why is Zeta Network Group conducting an 8‑for‑1 reverse split of ZNB shares?

The reverse split aims to help Zeta regain compliance with Nasdaq Rule 5550(a)(2). According to Zeta, consolidating shares on an 8‑for‑1 basis is intended to support maintaining the company’s listing on the Nasdaq Capital Market.

Will Zeta Network Group’s ticker or CUSIP change after the ZNB reverse split?

The ticker will remain ZNB, but the CUSIP will change. According to Zeta, Class A ordinary shares will continue on Nasdaq under symbol ZNB, while trading under a new CUSIP number, G2287A159, starting July 27, 2026.