Park Ha Bio (NASDAQ: BYAH) sets 1-for-50 reverse split and cuts share capital
Rhea-AI Filing Summary
Park Ha Biological Technology Co., Ltd. plans a 1-for-50 reverse stock split effective February 20, 2026, with trading to begin on a split-adjusted basis that day, subject to satisfying Nasdaq Operations notice requirements.
To align with this change, the company amended its Memorandum of Association to reduce authorized share capital from USD 3,000,000.00 divided into 150,000,000,000 ordinary shares of par value US$0.00002 each (120,000,000,000 Class A and 30,000,000,000 Class B) to 3,000,000,000 ordinary shares of par value US$0.001 each (2,400,000,000 Class A and 600,000,000 Class B), using the same 1-for-50 ratio as the issued and outstanding shares.
Shareholders approved the reverse split at an extraordinary meeting on December 26, 2026, and the Board of Directors set the exact ratio on January 29, 2026.
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Insights
Park Ha Bio consolidates shares 1-for-50 and ups par value.
Park Ha Biological Technology is implementing a 1-for-50 reverse stock split, consolidating every 50 existing shares into one new share, effective
In tandem, the company is reducing authorized ordinary shares from 150,000,000,000 at par
Subsequent disclosures in company filings may provide further detail on how the new capital structure interacts with Nasdaq listing requirements and any future equity-related actions.