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HiTek Global (HKIT) enacts 50-for-1 reverse split to keep Nasdaq listing

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(Neutral)
Filing Sentiment
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Form Type
6-K

Rhea-AI Filing Summary

HiTek Global Inc. is implementing a 50‑for‑1 reverse split of its Class A ordinary shares, effective April 6, 2026, so that every 50 issued shares become one share. The company expects its shares to begin trading on a split‑adjusted basis on the Nasdaq Capital Market that day under the same symbol, “HKIT.”

After the reverse split, the par value of each Class A share will change from US$0.0001 to US$0.005, while total authorized share capital will remain at US$316,000, reclassified among Class A, Class B, and preference shares. No fractional shares will be issued; any fractional amounts will be rounded to the nearest whole share.

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Insights

HiTek is enacting a large reverse split to maintain Nasdaq listing.

HiTek Global approved a 50‑for‑1 reverse split of its Class A ordinary shares, effective April 6, 2026, explicitly to satisfy the Nasdaq Capital Market’s minimum bid price requirement. This is a structural change to share count and price, not to the company’s underlying business.

The move follows prior shareholder authorization allowing consolidations between 1‑for‑40 and 1‑for‑5,000. Total authorized capital of US$316,000 remains unchanged, though par value per Class A share rises to US$0.005. No fractional shares will be issued; they will be rounded at participant level.

For investors, the key mechanical effects are a 50‑fold reduction in Class A share count and a corresponding 50‑fold increase in per‑share price, with unchanged overall economic interest. The stated aim is continued Nasdaq listing; actual trading impact will depend on post‑split market dynamics.

Reverse split ratio 50-for-1 Class A ordinary shares, effective April 6, 2026
New par value per Class A share US$0.005 After reverse split; previously US$0.0001
Total authorized share capital US$316,000 Remains unchanged after share consolidation
Authorized Class A shares 60,000,000 shares Par value US$0.005 per share after reclassification
Authorized Class B shares 150,000,000 shares Par value US$0.0001 per share
Authorized preference shares 10,000,000 shares Par value US$0.0001 per share
Effective trading date April 6, 2026 Split-adjusted trading on Nasdaq Capital Market
New CUSIP number G45139113 Class A ordinary shares after reverse split
Reverse Split financial
"the Board approved a reverse split (the “Reverse Split”) at a ratio of 50-for-1"
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.
share consolidation financial
"it will effect a 50-for-1 share consolidation of its Class A ordinary shares"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
minimum bid price requirement financial
"in order to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Nasdaq Capital Market financial
"will begin trading on the Nasdaq Capital Market on a split-adjusted basis"
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 April 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 consolidations 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 March 25, 2026, the Board approved a reverse split (the “Reverse Split”) at a ratio of 50-for-1, to be effective on April 6, 2026. Pursuant to the Board resolutions, at the effective time of the Reverse Split, each 50 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 $0.0001 to $0.005. No fractional shares will be issued in connection with the Reverse Split. Any fractional share resulting from the Reverse Split will be rounded to the nearest whole share at the participant level.

 

To effectuate the Reverse Split, the Company will file the relevant Board resolutions with the Cayman Islands Registrar on April 2, 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 April 6, 2026. The new CUSIP number for the Class A Ordinary Shares following the Reverse Split will be G45139113.

 

Regulation FD Disclosure.

 

On April 1, 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 April 1, 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: April 1, 2026

 

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

 

3

 

Exhibit 99.1

 

Hitek Announces 50-for-1 Share Consolidation

 

Xiamen, China, April 1, 2026 (GLOBE NEWSWIRE) – HiTek Global Inc. (Nasdaq: HKIT) (the “Company”), an information technology consulting and solutions provider, announced today that it will effect a 50-for-1 share consolidation of its Class A ordinary shares, effective April 6, 2026 (the “Share Consolidation”), in order to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Beginning with the opening of trading on April 6, 2026, the Company’s 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, G45139113.

 

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 share consolidations 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 share consolidation(s). On March 25, 2026, the Board approved the Share Consolidation.

 

Upon the Share Consolidation becoming effective, every 50 issued Class A ordinary shares of the Company, par value US$0.0001 per share, will be consolidated into one Class A ordinary share, and the par value of each Class A ordinary share will be adjusted to US$0.005. The Company’s total authorized share capital will remain unchanged at US$316,000 and will be reclassified into (i) 60,000,000 Class A ordinary shares, par value US$0.005 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.

 

No fractional shares will be issued in connection with the Share Consolidation. Any fractional share resulting from the Share Consolidation will be rounded to the nearest whole share at the participant level.

 

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 investor and media inquiries please contact:

Hitek Global Inc.

Investor Relations

Tianyu Xia

xiaty@xmhitek.com

 

FAQ

What did HiTek Global Inc. (HKIT) announce in its April 2026 filing?

HiTek Global Inc. announced a 50-for-1 reverse split of its Class A ordinary shares, effective April 6, 2026. The move reduces the number of shares outstanding and increases the trading price per share without changing overall shareholder ownership.

Why is HiTek Global (HKIT) doing a 50-for-1 share consolidation?

HiTek Global is consolidating its Class A shares to meet Nasdaq’s minimum bid price requirement for continued listing. By reducing shares 50-for-1, the company targets a higher per-share price while keeping each investor’s proportional ownership essentially unchanged.

How will HiTek Global’s 50-for-1 reverse split affect its Class A shares?

After the reverse split, every 50 Class A shares will become 1 share, and the par value per Class A share will change from US$0.0001 to US$0.005. Trading will continue on the Nasdaq Capital Market on a split-adjusted basis under the symbol HKIT.

What happens to fractional shares in HiTek Global’s share consolidation?

HiTek Global will not issue fractional shares in the 50-for-1 consolidation. Any fractional share position resulting from the reverse split will be rounded to the nearest whole share at the participant level, simplifying post-split holdings for shareholders and intermediaries.

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

The reverse split does not change total authorized share capital, which remains US$316,000. It is reclassified into 60,000,000 Class A shares at US$0.005 par value, 150,000,000 Class B shares, and 10,000,000 preference shares, each with US$0.0001 par value.

When will HiTek Global (HKIT) begin trading on a split-adjusted basis?

HiTek Global’s Class A ordinary shares are expected to begin split-adjusted trading on April 6, 2026 on the Nasdaq Capital Market. The shares will continue under the symbol HKIT and will use a new CUSIP number, G45139113, after the reverse split.

Filing Exhibits & Attachments

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