STOCK TITAN

Ridgetech (NASDAQ: RDGT) to execute 1-for-150 reverse share split

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ridgetech, Inc. will implement a 1-for-150 reverse share split of its ordinary shares effective April 7, 2026 at 5:00 p.m. Eastern Time, with trading on a split-adjusted basis beginning the next trading day.

As of April 2, 2026, Ridgetech had 134,835,960 ordinary shares outstanding and expects to have approximately 898,906 ordinary shares outstanding after the split, subject to fractional share rounding. Every 150 issued and outstanding ordinary shares with par value US$0.001 will convert into one ordinary share with par value US$0.15. No fractional shares will be issued, and any fractional entitlement will be rounded up to the nearest whole share. The reverse split affects all shareholders uniformly and is not expected to change any shareholder’s percentage ownership, aside from minor effects from fractional rounding. The move was approved by the board of directors and shareholders, and the company will file a Fifth Amended and Restated Memorandum and Articles of Association in the Cayman Islands to give effect to the change.

Positive

  • None.

Negative

  • None.
Reverse split ratio 1-for-150 Ordinary shares consolidation ratio
Shares outstanding before split 134,835,960 shares Ordinary shares outstanding as of April 2, 2026
Expected shares after split Approximately 898,906 shares Ordinary shares expected outstanding after reverse split
Par value before split US$0.001 per share Ordinary share par value pre-split
Par value after split US$0.15 per share Ordinary share par value post-split
Effective date and time April 7, 2026, 5:00 p.m. ET Reverse share split effectiveness
reverse share split financial
"announcing the Company will effect its 1-for-150 Reverse Share Split"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
par value financial
"Ordinary Shares, par value US$0.001 per share, will automatically be converted"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
ordinary shares financial
"reverse share split on its ordinary shares (“Ordinary Shares”) effective Tuesday, April 7, 2026"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
forward-looking statements regulatory
"Certain statements in this press release are forward-looking statements"
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.
Memorandum and Articles of Association regulatory
"file a Fifth Amended and Restated Memorandum and Articles of Association"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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: 001-40724

 

Ridgetech, Inc.

(Translation of registrant’s name into English)

 

Ming Zhao

5th Floor, Building 6, No. 100, 18th Street, Baiyang Sub-district,

Qiantang District, Hangzhou City, Zhejiang Province

People’s Republic of China, 310008

(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 ☐

 

 
 

 

Ridgetech, Inc., a Cayman Islands exempted company (the “Company”) furnishes under the cover of Form 6-K the following press release:

 

Exhibit
No.
 
   Description of Exhibit 
99.1     Press Release dated April 3, 2026, announcing the Company will effect its 1-for-150 Reverse Share Split. 

 

1

 

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 3, 2026 RIDGETECH, INC.
     
  By: /s/ Ming Zhao
  Name:  Ming Zhao
  Title:  Interim Chief Executive Officer and Chief Financial Officer

 

2

 

Exhibit 99.1

 

Ridgetech, Inc. Announces 1-for-150 Reverse Share Split

 

HANGZHOU, China, April 3, 2026 /PRNewswire/ – Ridgetech, Inc., a Cayman Islands exempted company (the “Company) (Nasdaq: RDGT), a wholesale distributor of pharmaceutical and other healthcare products in China, today announced that it expects to implement a 1-for-150 reverse share split on its ordinary shares (“Ordinary Shares”) effective Tuesday, April 7, 2026 at 5:00 p.m. Eastern Time, with trading to begin on a split-adjusted basis at the market open on the next trading day. Trading in the Ordinary Shares will continue on the Nasdaq Capital Market under the symbol “RDGT.” The new CUSIP number for the Ordinary Shares following the reverse share split is G2124G 203. As of April 2, 2026, the Company had 134,835,960 Ordinary Shares outstanding; following the reverse share split, the Company expects to have approximately 898,906 Ordinary Shares outstanding, subject to adjustment for fractional share rounding.

 

Upon the effectiveness of the reverse share split, every 150 shares of the Company’s issued and outstanding Ordinary Shares, par value US$0.001 per share, will automatically be converted into one issued and outstanding Ordinary Share, par value US$0.15 per share. No fractional shares will be issued as a result of the reverse share split. Instead, any fractional shares that would have resulted from the split will be rounded up to the nearest whole share. The reverse share split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares.

 

The reverse share split at a ratio of 1-for-150 shares was approved by the Company’s board of directors and its shareholders. The Company is to file a Fifth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies effective April 7, 2026.

 

About Ridgetech, Inc.

 

Ridgetech, Inc. (“Ridgetech” or the “Company”), is a growing online and offline wholesale distributor of pharmaceutical and other healthcare products in China. Ridgetech actively trades on popular online distribution platforms nationwide and has its own online distribution platform. The Company believes that trading on these platforms offers greater opportunities to distribute pharmaceutical products nationwide. For more information about the Company, please visit www.ridgetch.com. The Company routinely posts important information on its website.

 

 

Forward-Looking Statements

 

Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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. These forward-looking statements include, but are not limited to, statements concerning the expected benefits from the cooperation arrangements with premier pharmaceutical companies and the investment in its proprietary digital customer operations platform. 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 can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements including risks related to the Company’s ability to satisfy applicable procurement conditions, changes in market demand, the Company’s ability to successfully implement and promote its digital platform, and those other risks described in the Company’s most recent registration statement, most recent annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission.

 

For more information, please contact:

 

Company Contact: 

 

Frank Zhao
Interim Chief Executive Officer and Chief Financial Officer
+86-571-88077108
frank.zhao@ridgetch.com

 

Investor Relations Contact:

 

Tina Xiao
Ascent Investor Relations LLC
+1-646-932-7242
investors@ascent-ir.com

 

 

FAQ

What did Ridgetech Inc. (RDGT) announce in this Form 6-K?

Ridgetech Inc. announced a 1-for-150 reverse share split of its ordinary shares. The split becomes effective April 7, 2026, converting every 150 existing shares into one new share while keeping shareholder percentage ownership broadly unchanged aside from fractional-share rounding.

When will the Ridgetech (RDGT) reverse share split take effect?

The reverse share split will be effective April 7, 2026, at 5:00 p.m. Eastern Time. Trading in Ridgetech’s ordinary shares will begin on a split-adjusted basis at the next trading day’s market open on the Nasdaq Capital Market under the symbol RDGT.

How will Ridgetech’s 1-for-150 reverse share split affect outstanding shares?

As of April 2, 2026, Ridgetech had 134,835,960 ordinary shares outstanding and expects about 898,906 shares outstanding after the 1-for-150 reverse split. This change reflects a proportional consolidation of shares without altering each shareholder’s overall ownership percentage, except for fractional rounding.

What happens to fractional shares in the Ridgetech (RDGT) reverse share split?

Ridgetech will not issue fractional shares in the reverse share split. Any shareholder who would otherwise receive a fractional share will have that amount rounded up to the nearest whole share, slightly adjusting individual holdings but keeping overall percentage ownership largely consistent.

Will Ridgetech (RDGT) change its Nasdaq trading symbol after the reverse split?

Ridgetech’s ordinary shares will continue trading on the Nasdaq Capital Market under the symbol RDGT after the reverse share split. Only the number of shares and par value per share will change; the listing venue and ticker symbol remain the same according to the announcement.

Who approved the Ridgetech 1-for-150 reverse share split?

Ridgetech states that its 1-for-150 reverse share split was approved by the company’s board of directors and its shareholders. The company will also file a Fifth Amended and Restated Memorandum and Articles of Association in the Cayman Islands to formally implement the change.

Filing Exhibits & Attachments

1 document
RIDGETECH Inc

NASDAQ:RDGT

View RDGT Stock Overview

RDGT Rankings

RDGT Latest News

RDGT Latest SEC Filings

RDGT Stock Data

449.83k
16.03M
Pharmaceutical Retailers
Healthcare
Link
China
Hangzhou