Intelligent Group (NASDAQ: INTJ) enacts 1‑for‑20 reverse stock split in February
Rhea-AI Filing Summary
Intelligent Group Limited is implementing a 1‑for‑20 reverse stock split of its Class A Ordinary Shares. The change will take effect at 12:01 a.m. (ET) on February 17, 2026, when the shares begin trading on Nasdaq on a split-adjusted basis.
The reverse split will reduce outstanding Class A Ordinary Shares from 29,250,000 to approximately 1,462,500. The stock will continue trading under the symbol “INTJ” with a new CUSIP number G48047115. No shareholder vote was required, and any fractional entitlements will be rounded up to one full post-split share per affected participant.
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Insights
INTJ is enacting a 1‑for‑20 reverse split to consolidate its share count.
Intelligent Group Limited approved a 1‑for‑20 reverse stock split that cuts outstanding Class A Ordinary Shares from 29,250,000 to approximately 1,462,500. The shares will trade on a split-adjusted basis on Nasdaq from February 17, 2026, under the same ticker but with a new CUSIP.
The board was able to approve this action without a shareholder vote under BVI law, which can speed implementation. The company will not issue fractional shares; instead, holders who would have received fractions get one full post-split share, slightly increasing the post-split count versus a pure mathematical ratio.
This type of corporate action primarily affects trading dynamics and the per-share price, rather than directly changing the company’s underlying business. Future disclosures may clarify whether the split is connected to listing requirements or broader capital structure objectives.
FAQ
What reverse stock split is Intelligent Group Limited (INTJ) implementing?
Intelligent Group Limited is carrying out a 1‑for‑20 reverse stock split of its Class A Ordinary Shares. Every twenty existing shares will automatically combine into one new share, significantly reducing the share count while leaving each holder’s proportional ownership essentially unchanged.
When will Intelligent Group Limited’s reverse stock split take effect?
The reverse stock split becomes effective at 12:01 a.m. (ET) on February 17, 2026. Intelligent Group Limited’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the market open on that same date.
Will INTJ change its Nasdaq ticker symbol after the reverse split?
The company’s Class A Ordinary Shares will continue trading on the Nasdaq Capital Market under the ticker symbol INTJ. However, they will trade under a new CUSIP number, G48047115, which reflects the post‑reverse‑split security identification.