Dreamland Limited (TDIC) to implement 1-for-25 reverse stock split and cut share count
Rhea-AI Filing Summary
Dreamland Limited plans a 1-for-25 reverse stock split of its ordinary shares, approved by shareholders and the board, and expects it to become effective on June 15, 2026, with trading on a split-adjusted basis starting that day, subject to Nasdaq Operations notice requirements.
Immediately before the split, the company has 37,738,905 ordinary shares outstanding, consisting of 37,538,905 Class A shares and 200,000 Class B shares. After the split, this is expected to adjust to approximately 1,509,557 ordinary shares, made up of about 1,501,557 Class A shares and 8,000 Class B shares. Fractional shares will not be issued and will instead be rounded up to the nearest whole share.
The company is also reducing its authorized share capital on the same 1-for-25 ratio, keeping the total authorized capital at US$100,000 but changing from 2,000,000,000 shares at US$0.00005 par value to 80,000,000 shares at US$0.00125 par value, with separate Class A and Class B authorizations maintained. No other material changes to the terms of the securities are anticipated in connection with this action.
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Insights
Dreamland is consolidating its share count with a 1-for-25 reverse split.
Dreamland Limited is implementing a 1-for-25 reverse stock split, shrinking outstanding shares from 37.7 million to about 1.51 million. The stated goal in such actions is often to meet listing standards, and here it is tied to Nasdaq Operations notice requirements.
Authorized share capital remains US$100,000 but moves from 2.0 billion to 80.0 million shares by increasing par value to US$0.00125. Both Class A and Class B structures are preserved, with voting rights unchanged per share, so the move primarily affects share count and per-share metrics rather than governance terms.
Because fractional shares will be rounded up, some holders may see a small increase in whole shares relative to a pure mathematical division. Future company filings can provide more context on how the reverse split interacts with Nasdaq listing compliance and any subsequent capital-raising or corporate actions.