QDM International Inc. approved and implemented a reverse stock split of its common stock at a ratio of one-for-thirty-four. Each thirty-four previously issued and outstanding common shares were combined into one share, reducing the total issued and outstanding common stock from 291,563,930 shares to 8,575,410 shares. The amendment to the Articles of Incorporation effecting this change was approved by the board of directors and shareholders holding approximately 93.6% of the Company’s voting power and became effective upon filing with the Florida Department of State.
FINRA announced the reverse split with an effective date of September 19, 2025. The trading symbol will change to “QDMID” for 20 trading days, including the effective date, and then revert to “QDMI,” and the post-split common stock will trade under CUSIP 74738H403. The reverse split did not change the number of preferred shares outstanding but proportionately adjusted the conversion rate and voting rights of the Series C convertible preferred stock. Subsequently, on September 22, 2025, Huihe Zheng converted 531,886 Series C preferred shares into 58,507 common shares at an adjusted 0.11-for-1 rate, after which no Series C preferred shares remained outstanding.