STOCK TITAN

HiTek Global (Nasdaq: HKIT) plans 1-for-3 reverse split effective May 29

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

Rhea-AI Filing Summary

HiTek Global Inc. is carrying out a 1-for-3 reverse split of its Class A ordinary shares, effective May 29, 2026. Every three issued and unissued Class A shares will be combined into one share, and the shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market under the symbol HKIT on that date.

After the reverse split, the par value of each Class A share will change from $0.005 to $0.015, with fractional shares rounded up to the nearest whole share. The company expects Class A shares outstanding to move from 2,324,420 to 774,807, while Class B shares outstanding will remain at 8,192,000. Total authorized share capital will stay at $316,000.

Positive

  • None.

Negative

  • None.

Insights

HiTek is consolidating its Class A shares via a 1-for-3 reverse split.

HiTek Global Inc. approved a 1-for-3 reverse split of its Class A ordinary shares, effective May 29, 2026. This follows an earlier 1-for-50 reverse split on April 6, 2026, both authorized under a shareholder mandate granted on November 24, 2025.

The reverse split reduces Class A shares outstanding from 2,324,420 to an expected 774,807, while Class B shares remain at 8,192,000. Par value for Class A increases from $0.005 to $0.015, and total authorized share capital stays at $316,000, reclassified across Class A, Class B, and preference shares.

Because no fractional shares will be issued and positions will be rounded up to whole shares, individual holders may see small adjustments. The action primarily alters share count and price per share mechanics rather than underlying business operations; future filings may clarify any longer-term strategic effects.

Reverse split ratio 1-for-3 Class A ordinary shares, effective May 29, 2026
Class A shares pre-split 2,324,420 shares Issued and outstanding prior to reverse split
Class A shares post-split (expected) 774,807 shares Issued and outstanding after 1-for-3 reverse split
Class B shares outstanding 8,192,000 shares Issued and outstanding before and after reverse split
Class A par value pre-split $0.005 per share Before 1-for-3 reverse split
Class A par value post-split $0.015 per share After 1-for-3 reverse split
Total authorized share capital $316,000 Remains unchanged after reverse split
Prior reverse split ratio 1-for-50 Previously effectuated on April 6, 2026
reverse split financial
"announced today that it will effect a reverse split (the “Reverse Split”) at a ratio of 1-for-3"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
Class A Ordinary Shares financial
"the Company’s Class A ordinary shares (“Class A Ordinary Shares”) will begin trading on the Nasdaq Capital Market"
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.
par value financial
"Following the Reverse Split, the par value of each Class A Ordinary Share will be changed from $0.005 to $0.015"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
authorized share capital financial
"The Company’s total authorized share capital will remain unchanged at US$316,000 and will be reclassified into"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
Nasdaq Capital Market financial
"will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
forward-looking statements regulatory
"This announcement contains forward-looking statements within the meaning of the safe harbor provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

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 May 2026

 

Commission File Number 001-39339

 

HiTek Global Inc.

(Translation of registrant’s name into English)

 

Unit 304, No. 30 Guanri Road, Siming District

Xiamen City, Fujian Province, 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 of Form 20-F or Form 40-F:

 

Form 20-F ☒      Form 40-F ☐

 

 

 

  

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On November 24, 2025, the shareholders of HiTek Global Inc. (the “Company”) authorized the board of directors of the Company (the “Board”) to implement one or more reverse splits of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”), with the specific ratio or ratios and timing to be determined by the Board within the parameters approved by the shareholders. On April 6, 2026, the Company effectuated a reverse split at a ratio of 1-for-50.

 

On May 4, 2026, the Board approved another reverse split (the “Reverse Split”) at a ratio of 1-for-3, to be effective on May 29, 2026. Pursuant to the Board resolutions, at the effective time of the Reverse Split, every three issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share will be changed from $0.005 to $0.015. No fractional shares will be issued in connection with the Reverse Split. Any fractional share resulting from the Reverse Split will be rounded up to the nearest whole share at the participant level. Prior to the Reverse Split, there were 2,324,420 Class A Ordinary Shares and 8,192,000 Class B Ordinary Shares issued and outstanding; following the Reverse Split, the Company expects that there will be 774,807 Class A Ordinary Shares and 8,192,000 Class B ordinary shares issued and outstanding.

 

To effectuate the Reverse Split, the Company has filed the relevant Board resolutions with the Cayman Islands Registrar on May 22, 2026. The Company’s Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the symbol “HKIT” and are expected to begin trading on a split-adjusted basis when the market opens on May 29, 2026. The new CUSIP number for the Class A Ordinary Shares following the Reverse Split will be G45139121.

 

Regulation FD Disclosure.

 

On May 26, 2026, the Company issued a press release announcing the Reverse Split. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description of Exhibit
99.1   Press Release dated May 26, 2026, announcing the Reverse Split

 

2

 

 

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.

 

Date: May 26, 2026

 

HiTek Global Inc.  
     
By: /s/ Xiaoyang Huang  
  Xiaoyang Huang  
  Chief Executive Officer  
  (Principal Executive Officer)  

 

3

Exhibit 99.1

 

Hitek Announces 1-for-3 Reverse Split

 

XIAMEN, China, May 26, 2026 /PRNewswire/ -- HiTek Global Inc. (Nasdaq: HKIT) (the “Company”), an information technology consulting and solutions provider, announced today that it will effect a reverse split (the “Reverse Split”) at a ratio of 1-for-3, to be effective on May 29, 2026. Beginning with the opening of trading on May 29, 2026, the Company’s Class A ordinary shares (“Class A Ordinary Shares”) will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol, “HKIT,” and a new CUSIP number, G45139121.

 

On November 24, 2025, at the 2025 Annual General Meeting of Shareholders, the Company’s shareholders authorized the board of directors of the Company (the “Board”) to effect one or more reverse splits of the Company’s Class A Ordinary Shares at an aggregate cumulative ratio ranging from 1-for-40 to 1-for-5,000 within two years following the date of the meeting, with the Board having discretion to determine the specific ratio or ratios and the timing of any such reverse split(s). On April 6, 2026, the Company effectuated a reverse split at a ratio of 1-for-50. On May 4, 2026, the Board approved the Reverse Split.

 

Upon the Reverse Split becoming effective, every three issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share will be changed from $0.005 to $0.015. No fractional shares will be issued in connection with the Reverse Split. Any fractional share resulting from the Reverse Split will be rounded up to the nearest whole share at the participant level. The Company’s total authorized share capital will remain unchanged at US$316,000 and will be reclassified into (i) 20,000,000 Class A Ordinary Shares, par value US$0.015 per share, (ii) 150,000,000 Class B ordinary shares, par value US$0.0001 per share, and (iii) 10,000,000 preference shares, par value US$0.0001 per share. Prior to the Reverse Split, there were 2,324,420 Class A Ordinary Shares and 8,192,000 Class B ordinary shares issued and outstanding; following the Reverse Split, the Company expects that there will be 774,807 Class A Ordinary Shares and 8,192,000 Class B Ordinary Shares issued and outstanding.

 

About Hitek Global Inc.

 

HiTek Global Inc., headquartered in Xiamen, China, is an information technology (“IT”) consulting and solutions service provider in China. The Company operates two lines of business: (1) services for small and medium-sized businesses, consisting of Anti-Counterfeiting Tax Control System (“ACTCS”) tax devices, ACTCS services, and IT services, and (2) services for large businesses, consisting of hardware sales and software sales. The Company’s vision is to become a one-stop destination for comprehensive IT consulting and other business consulting services in China. For more information, please visit the Company’s website at http://www.xmhitek.com/.

 

Forward-Looking Statements

 

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

 

For more information, please contact:

 

HiTek Global Inc.

Email: xiaty@xmhitek.com

FAQ

What reverse split did HiTek Global Inc. (HKIT) announce in May 2026?

HiTek Global approved a 1-for-3 reverse split of its Class A ordinary shares, effective May 29, 2026. Every three issued and unissued Class A shares will be automatically combined into one share at that time.

How will HiTek Global’s share count change after the 1-for-3 reverse split?

Following the reverse split, Class A ordinary shares are expected to decrease from 2,324,420 to 774,807 shares. Class B ordinary shares remain unchanged at 8,192,000 shares outstanding, so only the Class A share count is being consolidated.

Will HiTek Global’s Nasdaq listing or ticker change after the reverse split?

HiTek Global’s Class A ordinary shares will continue trading on the Nasdaq Capital Market under the ticker HKIT. Trading will begin on a split-adjusted basis at market open on May 29, 2026, reflecting the 1-for-3 reverse split ratio.

How does the reverse split affect the par value of HiTek Global’s Class A shares?

After the reverse split, the par value of each Class A ordinary share will change from $0.005 to $0.015. This reflects the 1-for-3 consolidation but does not, by itself, alter the company’s total authorized share capital of $316,000.

What happens to fractional HiTek Global shares in the 1-for-3 reverse split?

No fractional shares will be issued in the reverse split. Any fractional share position resulting from the 1-for-3 consolidation will be rounded up to the nearest whole Class A ordinary share at the participant level, slightly adjusting some holdings.

Does HiTek Global’s authorized share capital change with the reverse split?

Total authorized share capital remains at US$316,000 after the reverse split. It is reclassified into 20,000,000 Class A shares at $0.015 par value, 150,000,000 Class B shares at $0.0001 par value, and 10,000,000 preference shares at $0.0001 par value.

Filing Exhibits & Attachments

1 document