CCSC Technology enacts 10‑for‑1 share consolidation
CCSC Technology International Holdings Limited implemented a 10‑for‑1 consolidation of its Class A and Class B ordinary shares to help meet Nasdaq’s minimum bid price requirement and reduce delisting risk.
Rhea-AI Filing Summary
CCSC Technology International Holdings Limited implemented a 10‑for‑1 consolidation of its Class A and Class B ordinary shares to help meet Nasdaq’s minimum bid price requirement and reduce delisting risk. Effective January 23, 2026, each block of 10 existing ordinary shares was converted into 1 share, with any fractional amounts rounded up to a whole share.
Before the change, as of January 22, 2026, the company had 39,134,950 ordinary shares outstanding (34,134,950 Class A and 5,000,000 Class B). After the consolidation, there were approximately 3,913,495 ordinary shares outstanding (about 3,413,495 Class A and 500,000 Class B). Authorized capital was adjusted to 49,500,000 Class A and 500,000 Class B shares at a par value of US$0.005 each, while the trading symbol on Nasdaq remains “CCTG”.
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Insights
CCSC executes 10‑for‑1 reverse split to support Nasdaq bid price compliance.
CCSC Technology International Holdings Limited has carried out a 10‑for‑1 consolidation of its Class A and Class B ordinary shares, effective January 23, 2026. The move is explicitly tied to meeting Nasdaq Listing Rule 5550(a)(2) on the minimum bid price and mitigating delisting risk. The economic value of each investor’s position is intended to remain the same, but the share count drops while the per‑share price typically adjusts upward mechanically.
Outstanding ordinary shares move from 39,134,950 before the action to approximately 3,913,495 afterward, with fractional shares rounded up. Authorized capital is also reduced proportionally, to 49,500,000 Class A and 500,000 Class B shares at a higher par value per share. The company notes it has until June 15, 2026 to regain compliance, making this consolidation one of its key tools to satisfy Nasdaq’s continued listing standards.
FAQ
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What is CCSC’s deadline to regain Nasdaq minimum bid price compliance?
CCSC reports that it has until June 15, 2026 to regain compliance with Nasdaq Listing Rule 5550(a)(2) on the minimum bid price.
Did CCSC’s Nasdaq ticker or CUSIP change after the consolidation?
The company’s Class A ordinary shares continue to trade on Nasdaq under the same symbol “CCTG”. A new CUSIP number, G1993R118, now applies to the Class A ordinary shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.