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1-for-15 reverse split to aid Creative Global (NASDAQ: CGTL) bid price

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Creative Global Technology Holdings Limited is implementing a 1-for-15 reverse share split of its Class A and Class B Ordinary Shares. Every 15 issued shares of each class will be combined into one share, with no change to the company’s Third Memorandum and Articles of Association.

The reverse split is expected to be effective on July 6, 2026, and trading of Class A Ordinary Shares on Nasdaq will begin on a split-adjusted basis on July 7, 2026. The shares will continue under the symbol CGTL with a new CUSIP G2563P110. The company expects this action will allow it to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.

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Insights

Creative Global enacts a 1-for-15 reverse split to address Nasdaq bid price compliance.

Creative Global Technology Holdings Limited approved a 1-for-15 reverse share split for both Class A and Class B Ordinary Shares. This consolidates every 15 existing shares into one, reducing the share count while proportionally increasing the trading price per share in theory.

The company states it expects the reverse split to help it regain compliance with Nasdaq’s $1.00 minimum bid price requirement. The split becomes effective on July 6, 2026, with split-adjusted trading on July 7, 2026, and the Class A shares continuing under symbol CGTL with new CUSIP G2563P110.

Reverse split ratio 1-for-15 Every 15 issued Class A and Class B Ordinary Shares combine into one share
Par value per share $0.00001 per share Par value of Class A and Class B Ordinary Shares
Effective date July 6, 2026 Reverse share split expected to become effective
Split-adjusted trading date July 7, 2026 Nasdaq trading of Class A shares begins on split-adjusted basis
Nasdaq minimum bid price $1.00 per share Company expects split will help regain compliance with this requirement
New CUSIP G2563P110 CUSIP for Class A Ordinary Shares after reverse split
Reverse Share Split financial
"No amendment to the Company’s Third Memorandum and Articles of Association will be required to be made in relation to the Reverse Share Split."
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Class A Ordinary Shares financial
"every 15 issued Class A Ordinary Shares will be combined into one Class A Ordinary Share"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
Class B Ordinary Shares financial
"every 15 issued Class B Ordinary Shares will be combined into one Class B Ordinary Share"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Nasdaq $1.00 minimum bid price requirement regulatory
"The Company expects that the Reverse Share Split will allow the Company to regain compliance with the Nasdaq $1.00 minimum bid price requirement."
A Nasdaq $1.00 minimum bid price requirement is a rule that a stock’s trading price must stay at or above $1.00 to remain listed on the Nasdaq exchange. Think of it like a minimum size a storefront must maintain to keep its lease: if the stock trades below that level for a sustained period, the company may be warned or removed from the exchange, which can make the shares harder to sell, reduce visibility and often hurt value—important risks for investors to monitor.
Form 6-K regulatory
"This Form 6-K is hereby incorporated by reference into the registration statements of the Company on Form S-8"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Form S-8 regulatory
"incorporated by reference into the registration statements of the Company on Form S-8 (Registration Number 333-284400)"
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number: 001-42412

 

Creative Global Technology Holdings Limited

 

Unit 03, 22/F, Westin Centre,

26 Hung To Road, Kwun Tong,

Kowloon, Hong Kong
People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On June 16, 2026, the Company's Board of Directors approved a reverse stock split of its Class A Ordinary Shares and Class B Ordinary Shares, each with a par value $0.00001 per share (together, the “Ordinary Shares”), at the ratio of one-for-15 such that every 15 issued Class A Ordinary Shares will be combined into one Class A Ordinary Share and every 15 issued Class B Ordinary Shares will be combined into one Class B Ordinary Share. No amendment to the Company’s Third Memorandum and Articles of Association will be required to be made in relation to the Reverse Share Split.

 

The Reverse Share Split is expected to be effective on July 6, 2026, following which the trading of the Company’s Class A Ordinary Shares will begin on the Nasdaq Stock Market (“Nasdaq”) on a split-adjusted basis at the start of trade on July 7, 2026.

 

The Company's Class A Ordinary Shares will continue to trade on Nasdaq under the symbol “CGTL” but will trade under the new CUSIP G2563P110. The Company expects that the Reverse Share Split will allow the Company to regain compliance with the Nasdaq $1.00 minimum bid price requirement.

 

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Explanatory Note

 

This Form 6-K is hereby incorporated by reference into the registration statements of the Company on Form S-8 (Registration Number 333-284400) to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Creative Global Technology Holdings Limited
   
Date: July 1, 2026 By: /s/ Hei Tung (“Angel”) Siu
  Name:  Hei Tung (“Angel”) Siu
  Title: Chief Executive Officer

 

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FAQ

What reverse stock split did Creative Global (CGTL) approve?

Creative Global approved a 1-for-15 reverse share split. Every 15 issued Class A and Class B Ordinary Shares will be combined into one share, consolidating the share count while maintaining each class structure and par value.

When will Creative Global’s 1-for-15 reverse split take effect?

The reverse split is expected to be effective on July 6, 2026. Trading of Creative Global’s Class A Ordinary Shares on Nasdaq will begin on a split-adjusted basis at the start of trading on July 7, 2026.

Why is Creative Global (CGTL) conducting a reverse stock split?

The company expects the reverse share split will allow it to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. By consolidating shares, the per-share trading price may increase to help meet that threshold.

Will Creative Global’s Nasdaq ticker or CUSIP change after the split?

Creative Global’s Class A Ordinary Shares will continue trading on Nasdaq under the symbol CGTL. After the reverse split, they will trade under a new CUSIP number, G2563P110, while remaining listed on the same exchange.

Does the reverse split change Creative Global’s governing documents?

No, the company states that no amendment to its Third Memorandum and Articles of Association is required for the reverse share split. The change affects share count and not the underlying corporate charter provisions.