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
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.
How does the 250-for-1 share combination affect WLGS’s outstanding shares?
As a result of the share combination, 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.
When will WANG & LEE GROUP, Inc. shares trade on a post-combination basis?
The filing states that the company’s ordinary shares will begin trading on the Nasdaq Stock Market on a post share combination basis on September 2, 2025.
Will WLGS shares have a par value after the share combination?
No. The filing specifies that, following the share combination, the ordinary shares of WANG & LEE GROUP, Inc. will still have no par value.
Did WANG & LEE GROUP, Inc. issue a press release about the share combination?
Yes. On August 21, 2025, the company issued a press release announcing the share combination, which is attached as Exhibit 99.1 to this report.
Who authorized the 250-to-1 share combination for WLGS?
On July 28, 2025, the board of directors of WANG & LEE GROUP, Inc. approved the 250-to-1 share combination of the company’s ordinary shares.