10‑for‑1 CCSC Technology (CCTG) share consolidation targets Nasdaq compliance
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
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
FAQ
What did CCSC Technology International Holdings (CCTG) change about its share structure?
The company implemented a 10‑for‑1 consolidation of both its Class A and Class B ordinary shares. Every 10 existing shares were combined into 1 new share, with fractional shares rounded up.
When did the CCSC (CCTG) share consolidation take effect?
The consolidation became effective on January 23, 2026, when CCSC’s Class A ordinary shares began trading on Nasdaq on a post‑consolidation basis.
How did the CCSC (CCTG) share consolidation affect shares outstanding?
As of January 22, 2026, CCSC had 39,134,950 ordinary shares outstanding. After the 10‑for‑1 consolidation, there were approximately 3,913,495 ordinary shares outstanding, including about 3,413,495 Class A and 500,000 Class B shares.
Why did CCSC (CCTG) carry out a 10‑for‑1 share consolidation?
The company states the consolidation was done so it can expeditiously meet Nasdaq’s minimum bid price requirement under Listing Rule 5550(a)(2) and reduce the risk of delisting from Nasdaq.
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.
Do CCSC (CCTG) shareholders need to take action for the share consolidation?
Shareholders holding ordinary shares electronically through brokerage firms did not need to take any action, as the 10‑for‑1 consolidation was automatically reflected in their brokerage accounts.