TIAN RUIXIANG (TIRX) details 1-for-50 reverse stock split timing
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
TIAN RUIXIANG Holdings Ltd has approved a 1-for-50 reverse stock split of its Class A and Class B ordinary shares. As part of this action, the par value per share will rise from US$0.125 to US$6.25.
The reverse split is expected to become effective for Nasdaq trading during the week of March 16, 2026, when the shares will begin trading on a split-adjusted basis under the existing symbol “TIRX” and new CUSIP G8884K144. No fractional shares will be issued; any fractional entitlements will be rounded up to the nearest whole share.
TIAN RUIXIANG is an insurance broker in China, distributing property, casualty, health, life, and other insurance products through a China-based variable interest entity.
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FAQ
What reverse stock split did TIRX approve and at what ratio?
TIAN RUIXIANG Holdings Ltd approved a 1-for-50 reverse stock split of its Class A and Class B ordinary shares. This consolidates every 50 existing shares into 1 share, while keeping investors’ proportional ownership the same on a post-split basis.
When will TIRX’s 1-for-50 reverse stock split become effective?
The reverse stock split is expected to become effective for trading on Nasdaq during the week of March 16, 2026. At that time, TIRX shares will begin trading on a split-adjusted basis, reflecting the new share count after the 1-for-50 consolidation.
Will TIRX’s ticker or CUSIP change after the reverse split?
TIAN RUIXIANG’s ordinary shares will continue trading under the ticker symbol “TIRX” on Nasdaq after the reverse split. However, the post-split Class A ordinary shares will trade under a new CUSIP number, G8884K144, reflecting the corporate action.
What business does TIAN RUIXIANG Holdings Ltd (TIRX) operate?
TIAN RUIXIANG Holdings Ltd is an insurance broker headquartered in Beijing, China. It operates through a China-based variable interest entity and distributes property and casualty insurance, plus health, life, and other miscellaneous insurance products across its markets.