Reverse stock split: Mobile-health Network (NASDAQ: MNDR) enacts 1-for-5
Rhea-AI Filing Summary
Mobile-health Network Solutions has implemented a 1-for-5 reverse stock split of its ordinary shares, following shareholder approval at an Extraordinary General Meeting. Every five issued and outstanding ordinary shares have been combined into one ordinary share, and shareholders will not receive fractional shares; instead, the Company will receive one ordinary share in lieu of any fractional share amounts.
Under an amended and restated memorandum and articles of association, the authorized share capital remains at $50,000, now divided into 312,500,000 ordinary shares, and the par value per ordinary share has increased from $0.000032 to $0.00016. The reverse split became effective at 12:01 a.m. Eastern Time on September 25, 2025, and the ordinary shares began trading on a reverse-split-adjusted basis on the Nasdaq Capital Market under the existing ticker “MNDR” the same day, with a new CUSIP assigned.
Positive
- None.
Negative
- None.
Insights
MNDR consolidates shares via 1-for-5 reverse split with par value change.
Mobile-health Network Solutions completed a 1-for-5 reverse stock split affecting all issued, outstanding, and authorized but unissued ordinary shares. This reduces the number of shares outstanding while keeping each holder’s proportional ownership broadly aligned, apart from the treatment of fractional positions, which are settled by issuing one ordinary share to the Company instead of fractional shares to investors.
The authorized share capital stays at
FAQ
What share change did MNDR announce in this 6-K filing?
Mobile-health Network Solutions implemented a 1-for-5 reverse stock split, combining every five issued and outstanding ordinary shares into one ordinary share.
When did Mobile-health Network Solutions’ reverse stock split take effect?
The reverse stock split became effective at 12:01 a.m. Eastern Time on September 25, 2025, with trading on a split-adjusted basis beginning at the market open that same day.
Did MNDR change its authorized share capital in this reverse split?
The authorized share capital remains $50,000, but it is now divided into 312,500,000 ordinary shares, with the par value per share increasing from $0.000032 to $0.00016.
How are fractional shares handled in the MNDR reverse stock split?
Shareholders will not receive fractional shares. Instead, the Company will receive one ordinary share in lieu of any fractional shares that would otherwise result.
Did the Nasdaq ticker symbol for Mobile-health Network Solutions change after the reverse split?
No. After the reverse stock split, the Company’s ordinary shares continue to trade on the Nasdaq Capital Market under the ticker symbol “MNDR”, although a new CUSIP has been assigned.
What corporate document did MNDR amend to effect the reverse stock split?
The Company adopted an Amended and Restated Memorandum and Articles of Association, referred to as the Memorandum Amendment, to reflect the reverse stock split and related share terms.