PS International (NASDAQ: PSIG) enacts 8-for-1 reverse stock split in October 2025
Rhea-AI Filing Summary
PS International Group Ltd. is implementing an 8-for-1 reverse stock split of its ordinary shares. The board approved the move on September 5, 2025 after shareholders holding about 78.01% of voting power authorized a consolidation in the range of 8-to-1 to 10-to-1. The reverse split will become legally effective on October 6, 2025, and trading on a split-adjusted basis on The Nasdaq Capital Market is expected to begin on October 13, 2025.
Every eight existing ordinary shares of US$0.0001 par value will be consolidated into one new ordinary share with par value of US$0.0008. The total number of authorized ordinary shares will remain the same, and each shareholder’s percentage ownership and voting power will stay essentially unchanged, aside from rounding of fractional shares. The company will continue to trade under the ticker PSIG, but will use a new CUSIP effective on the split-adjusted trading date.
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Insights
PS International is enacting an 8-for-1 reverse split without changing total authorized shares.
The company is consolidating every eight ordinary shares into one new share, raising par value per share from US$0.0001 to US$0.0008. This follows prior shareholder approval that allowed a range of 8-to-1 to 10-to-1, with the board selecting the 8-to-1 ratio. The filing notes the move must not cause the company to fail qualifying for continuing listing standards on The Nasdaq Capital Market.
The reverse split is legally effective on October 6, 2025, with split-adjusted trading expected from October 13, 2025. Shareholders’ percentage ownership and proportional voting power are intended to remain the same apart from rounding of fractional shares. The number of authorized ordinary shares is unchanged, so this is primarily a share-count and price-per-share adjustment rather than an economic change to the business.
FAQ
What reverse stock split did PSIG approve in this 6-K?
When does PSIG’s reverse stock split become effective?
How does the PSIG reverse split affect par value and authorized shares?
Will PSIG shareholders’ ownership percentages change after the reverse split?
Does PSIG’s stock symbol change after the reverse stock split?
Who authorized PSIG’s board to implement the reverse stock split?