Wang & Lee Group (NASDAQ: WLGS) enacts 250-for-1 share combination
Rhea-AI Filing Summary
WANG & LEE GROUP, Inc. has approved a 250-to-1 share combination of its ordinary shares, so that every 250 shares (or part thereof) become one share, with fractional shares rounded up to the next whole share. The company’s ordinary shares are expected to begin trading on the Nasdaq Stock Market on a post-combination basis on September 2, 2025. Following this change, the number of issued and outstanding Class A shares will be reduced from 174,679,566 to approximately 698,719, while the shares will continue to have no par value. The company announced the share combination in a press release dated August 21, 2025, which is attached as an exhibit.
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Insights
WLGS enacts a 250-for-1 share combination, sharply cutting share count.
WANG & LEE GROUP, Inc. approved a 250-to-1 share combination of its ordinary shares, meaning every 250 shares (or part thereof) convert into one share, with fractional holdings rounded up. After this action, issued and outstanding Class A shares drop from 174,679,566 to about 698,719, while the shares remain no-par-value.
This type of transaction changes the share price and share count but does not, by itself, alter the company’s overall market value. The filing notes that post-combination trading on the Nasdaq Stock Market is expected to begin on September 2, 2025. A related press release dated August 21, 2025 is attached as an exhibit, providing additional context around the decision.
FAQ
What corporate action did WANG & LEE GROUP, Inc. (WLGS) announce in this 6-K?
The company announced a share combination of its ordinary shares at a 250-to-1 ratio, where every 250 shares (or part thereof) are combined into one share, with fractional shares rounded up to the next whole share.