Dreamland Limited Plans 1-for-5 Reverse Stock Split
Dreamland Limited plans to implement a 1-for-5 reverse stock split of its ordinary shares, as approved by a majority of shareholders at an extraordinary meeting on March 31, 2026.
Rhea-AI Filing Summary
Dreamland Limited plans to implement a 1-for-5 reverse stock split of its ordinary shares, as approved by a majority of shareholders at an extraordinary meeting on March 31, 2026. The company expects the split to become effective on April 20, 2026, with trading beginning on a split-adjusted basis that day, subject to Nasdaq Operations notice requirements.
Issued and outstanding share capital is 37,000,000 ordinary shares before the split and is expected to become 7,400,000 ordinary shares after it. Authorized share capital will be reduced from 10,000,000,000 to 2,000,000,000 shares, with par value per share changing from US$0.00001 to US$0.00005, maintaining separate Class A and Class B structures. Fractional shares will be rounded up to the nearest whole share, and no other material changes to the securities’ terms are anticipated.
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Insights
Dreamland restructures share base with a 1-for-5 reverse split.
Dreamland Limited is consolidating its share capital through a 1-for-5 reverse stock split, shrinking issued shares from 37,000,000 to 7,400,000. This is paired with a proportional reduction of authorized shares and an increase in par value per share.
The structure of Class A and Class B Ordinary Shares, including their voting rights, remains in place, with counts adjusted to 1,900,000,000 and 100,000,000 authorized shares respectively. The company states that no other material changes to the terms of its securities are anticipated.
Fractional shares from the split will be rounded up to the nearest whole share, slightly favoring very small positions. The effective date is expected on April 20, 2026, subject to Nasdaq Operations notice requirements, when trading will begin on a split-adjusted basis.
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reverse stock split financial
Registry of Companies of the Cayman Islands regulatory
FAQ
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