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Ten-League (NASDAQ: TLIH) enacts 1-for-10 reverse split to keep Nasdaq listing

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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ten-League International Holdings Limited has approved a 1-for-10 reverse share split of its ordinary shares. Every ten existing shares will be combined into one share, and fractional entitlements will be rounded up to the nearest whole share.

After the reverse split, par value per share will increase from US$0.000025 to US$0.00025, and authorized share capital will consist of 2,000,000,000 ordinary shares at this new par value. The company expects to have approximately 2,940,435 ordinary shares outstanding on a post-split basis.

The post-split shares are expected to begin trading on Nasdaq on May 1, 2026 under the symbol TLIH. The reverse split is intended to increase the market price per share so the company can maintain its Nasdaq listing.

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Insights

Ten-League executes 1-for-10 reverse split to support Nasdaq listing.

Ten-League International Holdings Limited is consolidating every ten ordinary shares into one, lifting par value to US$0.00025 and adjusting authorized capital to 2,000,000,000 ordinary shares. Post-split, it expects about 2,940,435 shares outstanding.

The company states the reverse split is intended to raise its share price to maintain its Nasdaq listing. Economically, such actions are typically share-count neutral for existing holders, though trading liquidity and investor perception can change depending on market reaction.

The split becomes effective for trading on May 1, 2026. Subsequent disclosures in periodic filings will show how the new share structure interacts with market pricing and any future capital-raising or corporate actions.

Reverse split ratio 1-for-10 Board-approved consolidation of ordinary shares
New par value per share US$0.00025 Par value after reverse share split
Old par value per share US$0.000025 Par value before reverse share split
Authorized share capital 2,000,000,000 shares Authorized ordinary shares at US$0.00025 par value
Expected shares outstanding 2,940,435 shares Post-split ordinary shares expected outstanding
Post-split trading date May 1, 2026 Nasdaq trading on a post-split basis
Reverse Share Split financial
"approved a reverse share split of the Company’s ordinary shares at a ratio of 1-for-10"
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.
ordinary shares financial
"a reverse split of its ordinary shares, par value US$0.000025"
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.
authorized share capital financial
"the Company’s authorized share capital will be adjusted to US$500,000 divided into 2,000,000,000 ordinary shares"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
Nasdaq listing regulatory
"intended to increase the market price per share of the Company’s Ordinary Shares to allow the Company to maintain its Nasdaq listing"
A NASDAQ listing means a company's shares are approved to trade on the NASDAQ stock exchange, a large electronic marketplace where buyers and sellers meet. For investors it signals greater visibility, easier buying and selling (like being placed on a busy store shelf), and adherence to ongoing reporting and governance rules that can reduce information uncertainty and affect a stock’s liquidity and perceived credibility.
transfer agent financial
"The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent."
A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.
forward-looking statements regulatory
"This press release contains 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What reverse share split did Ten-League International Holdings (TLIH) approve?

Ten-League approved a 1-for-10 reverse share split of its ordinary shares. Every ten existing shares will automatically combine into one new share, with fractional entitlements rounded up to the nearest whole share, keeping investors’ proportional ownership in the company essentially unchanged.

When will Ten-League International Holdings (TLIH) trade on a post-split basis?

Ten-League’s post-split ordinary shares are expected to begin trading on May 1, 2026. On that date, Nasdaq trading will reflect the reduced share count and higher per-share price, while the ticker symbol TLIH will remain the same for investors.

How many Ten-League (TLIH) shares will be outstanding after the reverse split?

After the 1-for-10 reverse split, Ten-League expects about 2,940,435 ordinary shares outstanding. This lower share count results from combining every ten existing shares into one, without changing the company’s overall equity value at the time of the split.

Why is Ten-League International Holdings (TLIH) doing a reverse share split?

The reverse share split is intended to increase TLIH’s market price per share to maintain its Nasdaq listing. By reducing the number of shares and boosting the price per share, the company aims to comply with exchange listing standards tied to minimum share prices.

How does the Ten-League (TLIH) reverse split affect par value and authorized shares?

Par value per share will increase from US$0.000025 to US$0.00025 after the split. The company’s authorized share capital will be set at 2,000,000,000 ordinary shares with this higher par value, aligning its legal capital structure with the new share ratio.

Will Ten-League (TLIH) issue fractional shares in the reverse split?

No, Ten-League will not issue fractional shares in the reverse split. Shareholders who would otherwise receive a fraction of a share will instead have their holdings rounded up to the nearest whole share, simplifying post-split positions in brokerage and registered accounts.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-42734

 

Ten-League International Holdings Limited

 

c/o 7 Tuas Avenue 2, Singapore 639447

(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 ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On April 6, 2026, the board of directors of Ten-League International Holdings Limited, a Cayman Islands exempted company (the “Company”), approved a reverse share split of the Company’s ordinary shares at a ratio of 1-for-10 (the “Reverse Share Split”), such that (a) every ten (10) issued ordinary shares of a par value of $0.000025 each will be combined into one (1) issued ordinary share of a par value of $0.00025 each and (b) any fractional shares will be rounded to the nearest whole share. As a result, the Company’s authorized share capital will be adjusted to US$500,000 divided into 2,000,000,000 ordinary shares with a par value of US$0.00025 each.

 

The Company’s ordinary shares expect to begin trading on a post-split basis on the Nasdaq Stock Market LLC on May 1, 2026, under the current symbol “TLIH”. The new CUSIP number following the Reverse Share Split is G8763W201. A copy of the Company’s Amended M&A is attached hereto as Exhibit 3.1.

 

On April 29, 2026, the Company issued a press release announcing the Reverse Share Split. A copy of the press release is attached hereto as Exhibit 99.1.

 

1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
3.1   Amended and Restated Memorandum and Articles of Association.
99.1   Press Release.

 

2

 

 

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.

 

  Ten-League International Holdings Limited
     
Date: April 29, 2026 By: /s/ Jison Lim
  Name: Jison Lim
  Title: Director and Chairman

 

3

 

 

Exhibit 99.1

 

Ten-League International Holdings Limited Announces 1-for-10 Reverse Share Split Effective May 1, 2026

 

SINGAPORE, April 29, 2026 (GLOBE NEWSWIRE) – Ten-League International Holdings Limited (NASDAQ: TLIH) (“TLIH” or “we,” “our,” or the “Company”), a Singapore-based provider of turnkey project solutions, today announced that on April 6, 2026, its board of directors approved a reverse split of its ordinary shares, par value US$0.000025 (the “Ordinary Shares”), on a one-for-ten basis (the “Reverse Share Split”). The Company’s Ordinary Shares will begin trading on the Nasdaq Stock Market LLC (“Nasdaq”) on a post-split basis on May 1, 2026 under the symbol “TLIH” under a new CUSIP number – G8763W201.

 

As a result of the Reverse Share Split, each ten (10) issued and outstanding Ordinary Shares will be combined into one (1) Ordinary Share, automatically and without any action by shareholders. The Reverse Share Split will result in a proportional increase in par value from US$0.000025 per share to US$0.00025 per share and an adjustment of the Company’s authorized share capital to 2,000,000,000 Ordinary Shares with a par value of US$0.00025 each. After giving effect to the Reverse Share Split, the Company expects to have approximately 2,940,435 Ordinary Shares issued and outstanding. The Reverse Share Split is intended to increase the market price per share of the Company’s Ordinary Shares to allow the Company to maintain its Nasdaq listing.

 

No fractional shares will be issued as a result of the Reverse Share Split. Shareholders who would be entitled to a fractional share as a result of the Reverse Share Split shall have their entitlement rounded up to the nearest whole share.

 

The Reverse Share Split was approved by a vote of the Company’s shareholders at its extraordinary meeting of shareholders held on April 13, 2026.

 

The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to Ordinary Shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.

 

About Ten-League International Holdings Limited

 

Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.

 

 

 

 

Forward-Looking Statements

 

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

 

For more information, please contact:

 

Ten-League International Holdings Limited

Investor Relations Department

Email: ir@ten-league.com.sg

 

Ascent Investor Relations LLC

Tina Xiao

Phone: +1 646-932-7242

Email: investors@ascent-ir.com

 

 

 

 

Filing Exhibits & Attachments

2 documents