Fitness Champs (NASDAQ: FCHL) enacts 30-for-1 share consolidation to meet Nasdaq rule
Rhea-AI Filing Summary
Fitness Champs Holdings Limited is implementing a 30-for-1 share consolidation of its authorized, issued, and outstanding shares, effective with trading on May 4, 2026, to help ensure compliance with Nasdaq Marketplace Rule 5550(a)(2).
Each 30 ordinary shares will automatically combine into one share, reducing issued and outstanding Class A ordinary shares from 36,950,899 to approximately 1,231,697 and Class B ordinary shares from 580,524 to approximately 19,351, subject to rounding. No fractional shares will be issued; shareholders will receive one whole share in lieu of any fractional entitlement. The Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol “FCHL” on a split-adjusted basis, with a new CUSIP G3580P307.
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Insights
FCHL enacts a 30-for-1 share consolidation to maintain Nasdaq compliance.
Fitness Champs Holdings approved a 30-for-1 consolidation of all authorized, issued, and outstanding shares, effective for trading on May 4, 2026. This move targets compliance with Nasdaq Marketplace Rule 5550(a)(2), which governs minimum bid price for continued listing.
The consolidation reduces Class A shares from 36,950,899 to approximately 1,231,697 and Class B shares from 580,524 to approximately 19,351. Economic ownership remains proportionate, but the per-share price typically adjusts upward mechanically while the share count drops.
No fractional shares will be issued; each investor receives one whole share instead of any resulting fraction. The Class A ordinary shares will keep trading on the Nasdaq Capital Market under “FCHL” on a split-adjusted basis with new CUSIP G3580P307. Subsequent company filings may explain how this affects compliance status.
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Key Terms
Nasdaq Marketplace Rule 5550(a)(2) regulatory
CUSIP number financial
split-adjusted basis financial
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