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Wellchange (WCT) implements 1-for-50 reverse stock split and slashes share count

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6-K

Rhea-AI Filing Summary

Wellchange Holdings Company Limited is implementing a 1-for-50 reverse stock split of its Class A and Class B ordinary shares, effective when trading begins on March 6, 2026 on the Nasdaq Capital Market under the symbol “WCT.”

The split will reduce total outstanding ordinary shares from 153,265,000 to approximately 3,065,300, with Class A shares decreasing from 145,265,000 to about 2,905,300 and Class B shares from 8,000,000 to about 160,000. Any fractional shares will be rounded up to the next whole share. Authorized ordinary shares will be reduced to 20,000,000 and par value per share will increase to $0.0025.

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Insights

Wellchange consolidates share count with a 1-for-50 reverse split.

Wellchange is executing a 1-for-50 reverse stock split, cutting outstanding ordinary shares from 153,265,000 to roughly 3,065,300. Both Class A and Class B shares are affected uniformly, and fractional positions will be rounded up to whole shares.

The filing also reduces authorized ordinary shares to 20,000,000 and increases par value to $0.0025 per share. All options and warrants will be adjusted according to existing terms, including warrants that were exercisable into 44,275 Class A shares.

The Class A ordinary shares will start trading on a post-split basis on Nasdaq from March 6, 2026, under the same “WCT” symbol and a new CUSIP. Actual effects for investors will depend on market pricing once trading begins on a split-adjusted basis.

 

 

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 March 2026

 

Commission File Number: 001-42294

 

Wellchange Holdings Company Limited

(Translation of registrant’s name into English)

 

Unit 7 On 25th Floor Global Gateway Tower, No.63 Wing Hong Street,

Kowloon, Hong Kong

(Address of principal executive office)

 

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

 

 

 

 

As disclosed in the report on Form 6-K of Wellchange Holdings Company Limited (the “Company”), at an annual shareholder meeting held on August 7, 2025 (the “Meeting”), the shareholders approved a reverse split of all of the Company’s authorized and issued Class A ordinary shares and Class B ordinary shares, at a ratio of not less than 1-for-5 and not more than 1-for-50, with the final ratio to be determined by the Board of Directors in its sole discretion at any time after approval by the shareholders, and authorize the Board of Directors to implement such reverse split at its discretion at any time prior to the one-year anniversary of the Meeting.

 

On January 28, 2026, the Board of Directors of the Company approved a reverse split of all of the Company’s authorized and issued Class A ordinary shares and Class B ordinary shares at a ratio of one-for-fifty (1-for-50) (the “Reverse Stock Split”).

 

Immediately prior to the Reverse Stock Split and as of the date hereof, the Company has 153,265,000 ordinary shares issued and outstanding, consisting of 145,265,000 Class A ordinary shares and 8,000,000 Class B ordinary shares. The Reverse Stock Split will reduce the number of outstanding Class A ordinary shares of the Company from 145,265,000 to approximately 2,905,300 and will reduce the number of outstanding Class B ordinary shares of the Company from 8,000,000 shares to approximately 160,000 shares. Every fifty (50) outstanding Class A ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class A ordinary share. Every fifty (50) outstanding Class B ordinary shares will be combined into and automatically become one post-Reverse Stock Split Class B ordinary share. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A ordinary share or Class B ordinary share, as applicable, to any shareholder who would have been entitled to receive a fractional share as a result of the process. As a result of the Reverse Stock Split, the par value of the Class A ordinary shares and Class B ordinary shares will be increased to $0.0025 per share and the number of authorized ordinary shares will be reduced to 20,000,000 ordinary shares, comprising of 18,000,000 Class A ordinary shares and 2,000,000 Class B ordinary shares.

 

Upon the opening of the market on March 6, 2026, the Company’s Class A ordinary shares will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a post-Reverse Stock Split basis under the current symbol “WCT”. The new CUSIP number following the Reverse Stock Split is G9545M123.

 

The Company believes that the Reverse Stock Split is in the best interest of the Company and its shareholders and is being undertaken for proper corporate purposes.

 

Pursuant to the warrants to purchase 44,275 Class A ordinary shares, expiring on October 1, 2029, with an exercise price of US$4.80 per share, the exercise price and the number of Class A ordinary shares issuable upon exercise of such warrants shall be adjusted in the event of any share consolidation, subdivision or similar capital reorganization by dividing the number of ordinary shares into which the warrants are exercisable by the applicable consolidation ratio and multiplying the exercise price thereof by such consolidation ratio, in each case in accordance with the terms of the applicable warrant and subject to rounding to the nearest whole share.

 

Attached to this Report as Exhibit 99.1 is a copy of the press release dated March 4, 2026 titled “Wellchange Holdings Company Limited Announces 1-for-50 Reverse Stock Split Effective March 6, 2026”

 

This Report shall be deemed to be incorporated by reference into the registration statement on Form S-8 (File No. 333-287845), and to be a part thereof from the date on which this current report on Form 6-K is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit Index

 

Exhibit No.   Description
99.1   Press Release - Wellchange Holdings Company Limited Announces 1-for-50 Reverse Stock Split Effective March 6, 2026

 

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: March 4, 2026 Wellchange Holdings Company Limited
     
  By: /s/ Shek Kin Pong
  Name:  Shek Kin Pong
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Wellchange Holdings Company Limited Announces 1-for-50 Reverse Stock Split Effective March 6, 2026

 

Hong Kong, March 04, 2026 (GLOBE NEWSWIRE) – Wellchange Holdings Company Limited (the “Company” or “Wellchange”) (Nasdaq: WCT), an enterprise software solution services provider headquartered in Hong Kong, today announced that it will effect a reverse stock split of its ordinary shares on a 1-for-50 basis (the “Reverse Stock Split”). The Company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on March 6, 2026. The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “WCT,” with a new CUSIP number G9545M123.

 

The Reverse Stock Split has been approved by the Company’s shareholders and the Company’s board of directors. Any fractional shares that would have otherwise resulted from the Reverse Stock Split will be rounded up to the next whole number and no fractional shares will be issued. The Reverse Stock 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 rounding up of fractional shares.

 

Immediately prior to the Reverse Stock Split and as of the date hereof, the Company has 153,265,000 ordinary shares issued and outstanding, consisting of 145,265,000 Class A ordinary shares and 8,000,000 Class B ordinary shares. Upon the effectiveness of the Reverse Stock Split, every fifty (50) shares of the Company’s issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one (1) Class A ordinary share, and every fifty (50) shares of the Company’s issued and outstanding Class B ordinary shares as of the effective date will automatically be combined into one (1) Class B ordinary share. Such adjustments will reduce the total number of outstanding ordinary shares from 153,265,000 to approximately 3,065,300, with the number of Class A ordinary shares of the Company decreasing from 145,265,000 to approximately 2,905,300 and the number of outstanding Class B ordinary shares of the Company decreasing from 8,000,000 to approximately 160,000.

 

All outstanding options, warrants and other securities entitling holders to purchase or receive ordinary shares will be adjusted in accordance with their respective terms.

 

About Wellchange Holdings Company Limited

 

Wellchange Holdings Company Limited is an enterprise software solution services provider headquartered in Hong Kong. The Company conducts all operations in Hong Kong through its operating subsidiary, Wching Tech Ltd Co. The Company provides customized software solutions, cloud-based software-as-a-service (“SaaS”) platforms, and “white-label” software design and development services. The Company’s mission is to empower our customers and users, in particular, small and medium businesses, to accelerate their digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly, reliable and integrated all-in-one Enterprise Resource Planning software solutions.

 

For more information, please visit the Company’s website: https://www.wchingtech.com/

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the closing of the Offering, and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

 

For investor and media inquiries, please contact:

 

Wellchange Holdings Company Limited

Shek Kin Pong, CEO

Email: contactus@wchingtech.com

FAQ

What reverse stock split did Wellchange (WCT) approve and when is it effective?

Wellchange approved a 1-for-50 reverse stock split of its ordinary shares, effective for trading when the market opens on March 6, 2026. Class A shares will continue on Nasdaq under “WCT” on a post-split basis with a new CUSIP.

How does the 1-for-50 reverse stock split change Wellchange (WCT) share count?

The reverse split reduces total outstanding ordinary shares from 153,265,000 to approximately 3,065,300. Class A shares fall from 145,265,000 to about 2,905,300, and Class B shares from 8,000,000 to about 160,000, while preserving relative ownership stakes.

Will Wellchange (WCT) shareholders receive fractional shares after the reverse split?

No fractional shares will be issued. Any shareholder who would otherwise receive a fractional share will have that amount rounded up to the next whole share, resulting in one full post-split Class A or Class B ordinary share as applicable.

How are Wellchange’s authorized shares and par value affected by the reverse split?

After the reverse split, authorized ordinary shares will be 20,000,000, comprising 18,000,000 Class A and 2,000,000 Class B shares. The par value of both classes will increase to $0.0025 per share, aligning with the reduced share count.

What happens to Wellchange (WCT) options and warrants after the reverse stock split?

All outstanding options, warrants, and similar securities will be adjusted according to their terms. For example, warrants previously exercisable for 44,275 Class A shares at US$4.80 will have both exercise price and share quantity recalculated using the 1-for-50 consolidation ratio.

Does the reverse stock split change Wellchange (WCT) shareholders’ ownership percentages?

The company states the reverse split affects all shareholders uniformly and does not alter any shareholder’s percentage ownership, aside from minor changes from rounding up fractional shares. Each holder’s relative stake in total outstanding ordinary shares remains essentially the same.

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Wellchange Holdings

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