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16-for-1 share consolidation at DirectBooking (ZDAI) to support Nasdaq bid price

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6-K

Rhea-AI Filing Summary

DirectBooking Technology Co., Ltd. is implementing a 16‑for‑1 reverse stock split of its Class A and Class B ordinary shares to help meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The reverse split becomes effective on February 17, 2026, with Nasdaq trading on a split‑adjusted basis expected to begin on February 19, 2026 under the same ticker, ZDAI.

Every 16 issued and unissued Class A and Class B share with a par value of US$0.00005 will be consolidated into one share with a par value of US$0.0008. The total authorized share capital of US$250,000 will remain unchanged but be reclassified into 250,000,000 Class A and 62,500,000 Class B shares. Fractional entitlements will be rounded to the nearest whole share, and the company states that proportional ownership and its dual‑class voting structure will stay the same while aiming to streamline its capital structure and support future financing flexibility.

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Insights

DirectBooking is consolidating shares 16‑for‑1 to support Nasdaq listing while keeping ownership percentages intact.

DirectBooking Technology is carrying out a 16‑for‑1 share consolidation of both Class A and Class B ordinary shares. This is explicitly aimed at helping the company satisfy Nasdaq’s minimum bid price requirement so it can maintain its current exchange listing.

The move changes the par value of each share to US$0.0008 but leaves total authorized capital at US$250,000, simply reclassified between Class A and Class B. The company emphasizes that existing shareholders’ proportional ownership and the dual‑class voting structure remain unchanged after the action.

Fractional share entitlements will be rounded to whole shares, avoiding cash-in-lieu treatment in this disclosure. Trading on a split‑adjusted basis is expected to begin on February 19, 2026, so subsequent market activity will reflect the smaller share count and higher per‑share price mechanically driven by the 16‑for‑1 ratio.

 

 

 

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 February 2026

 

Commission File Number 001-42181

 

DirectBooking Technology Co., Ltd.

 

Room 2912, 29/F., New Tech Plaza

34 Tai Yau Street

San Po Kong

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 ☐

 

 

 

 
 

 

Reverse Split

 

On December 14, 2025, the shareholders of DirectBooking Technology Co., Ltd. (the “Company”) approved, among other things, a reverse stock split of the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) and Class B ordinary shares (the “Class B Ordinary Shares”), with the specific ratio to be determined by the board of directors of the Company (the “Board”) (the “Reverse Split”).

 

On January 23, 2026, the Board approved the Reverse Split at a ratio of 16-for-1, to be effective on February 17, 2026. Pursuant to the Board resolutions, at the effective time of the Reverse Split, each 16 issued and unissued Class A Ordinary Shares will be automatically combined into one Class A Ordinary Share, and each 16 issued and unissued Class B Ordinary Shares will be automatically combined into one Class B Ordinary Share. Following the Reverse Split, the par value of each Class A Ordinary Share and each Class B Ordinary Share will be changed from $0.00005 to $0.0008. All fractional shares resulting from the Reverse Split will not be issued to shareholders; instead, any fractional entitlements will be rounded up to the next whole number.

 

To effectuate the Reverse Split, the Company filed the relevant Board resolutions with the Cayman Islands Registrar on January 28, 2026. The Company’s Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the symbol “ZDAI” and are expected to begin trading on a split-adjusted basis when the market opens on February 19, 2026. The new CUSIP number for the Class A Ordinary Shares following the Reverse Split will be G7241B144.

 

Regulation FD Disclosure.

 

On February 17, 2026, the Company issued a press release announcing the Reverse Split. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference.

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This current report on Form 6-K and the press release furnished as Exhibit 99.1 contain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Please refer to the “Forward-Looking Statements” section in Exhibit 99.1 for additional information.

 

EXHIBITS

 

Exhibit No.   Description
99.1   Press Release dated February 17, 2026, announcing the Reverse Split

 

 
 

 

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.

 

  DirectBooking Technology Co., Ltd.
     
  By: /s/ Tan Yu
  Name: Tan Yu
  Title: Chief Executive Officer, Chairman of the Board and Director

 

Date: February 17, 2026

 

 

 

 

Exhibit 99.1

 

DirectBooking Technology Co., Ltd. Announces 16-for-1 Share Consolidation

 

Hong Kong, Feb. 17, 2026 — DirectBooking Technology Co., Ltd. (“DirectBooking Technology” or the “Company”, Nasdaq: ZDAI) announced that its board of directors, by unanimous written resolutions dated January 23, 2026, approved the implementation of a share consolidation (the “Share Consolidation”) to enable the Company to meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market, its current stock exchange. The Share Consolidation is scheduled to become effective on February 17, 2026. The Company’s Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the symbol “ZDAI” and are expected to begin trading on a split-adjusted basis when the market opens on February 19, 2026.

 

The Share Consolidation will be implemented at a ratio of 16 for 1. Upon the Share Consolidation becoming effective: (i) every 16 issued and unissued Class A ordinary shares of the Company, with a par value of US$0.00005 per share, will be consolidated into one Class A ordinary share, and the par value of each Class A ordinary share will be adjusted to US$0.0008; and (ii) every 16 issued and unissued Class B ordinary shares of the Company, with a par value of US$0.00005 per share, will be consolidated into one Class B ordinary share, and the par value of each Class B ordinary share will be adjusted to US$0.0008.

 

The Company’s total authorized share capital will remain unchanged at US$250,000, but will be reclassified as follows: (i) 250,000,000 Class A ordinary shares with a par value of US$0.0008 each; and (ii) 62,500,000 Class B ordinary shares with a par value of US$0.0008 each.

 

The board has also resolved that no fractional shares will be issued in connection with the Share Consolidation. Any fractional share entitlement arising from the consolidation ratio will be rounded to the nearest whole share at the participant level.

 

The Share Consolidation is also intended to streamline the Company’s share capital structure without changing existing shareholders’ proportional ownership interests or the current dual-class voting rights arrangement, while providing greater flexibility for potential future financings and capital markets activities.

 

 
 

 

About DirectBooking Technology Co., Ltd.

 

The Company is a holding company incorporated in the Cayman Islands, and its operations are conducted through its Hong Kong operating subsidiary, Primega Construction Engineering Co. Limited. The Company provides transportation services in Hong Kong’s construction industry and employs environmentally friendly practices with the aim of facilitating the reuse of construction and demolition materials and reducing construction waste. The Company primarily handles the transportation of materials excavated from construction sites. The Company’s services principally consist of (i) soil and rock transportation services and (ii) construction works, which mainly include excavation and lateral support works and bored piling. The Company generally provides its services as a subcontractor to other construction contractors in Hong Kong.

 

Safe Harbor and Informational Statement

 

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors, not all of which are known to the Company, which may include, without limitation, our ability to timely and accurately respond to changes in fashion trends and consumer preferences; management of customer concentration risk; reliance on third parties for supplies of raw materials, manufacturing services and transport infrastructure; changes in government policies; overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events; and other events and/or risks outlined in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

For more information, please contact:

 

DirectBooking Technology Co., Ltd.

 

tanyu@primegaghl.com

 

 

 

 

FAQ

What did DirectBooking Technology Co., Ltd. (ZDAI) announce in this 6-K?

DirectBooking announced a 16-for-1 reverse stock split of its Class A and Class B ordinary shares. The move restructures the share count and par value while keeping total authorized capital and shareholder ownership percentages the same.

Why is DirectBooking (ZDAI) doing a 16-for-1 share consolidation?

The company states the 16-for-1 share consolidation is intended to help meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. It also aims to streamline the share capital structure and support flexibility for potential future financings.

When does DirectBooking’s (ZDAI) reverse split take effect and when is split-adjusted trading expected?

The reverse split is scheduled to become effective on February 17, 2026. DirectBooking expects its Class A ordinary shares to begin trading on a split-adjusted basis on the Nasdaq Capital Market when the market opens on February 19, 2026.

How does the 16-for-1 consolidation affect DirectBooking’s authorized share capital and par value?

Total authorized share capital remains US$250,000, but is reclassified into 250,000,000 Class A and 62,500,000 Class B ordinary shares. Each share’s par value changes from US$0.00005 to US$0.0008 after the 16-for-1 consolidation is implemented.

Will DirectBooking’s (ZDAI) reverse split change shareholder ownership percentages or voting structure?

The company states that the share consolidation is intended not to change existing shareholders’ proportional ownership interests. It also notes that its current dual-class voting rights arrangement will remain in place following the 16-for-1 consolidation.

How will DirectBooking handle fractional shares from the 16-for-1 reverse split?

No fractional shares will be issued in connection with the consolidation. Any fractional share entitlement arising from applying the 16-for-1 ratio will be rounded to the nearest whole share at the participant level, simplifying post-split shareholdings.

Does DirectBooking (ZDAI) change its Nasdaq ticker or listing venue after the reverse split?

The company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the same ticker symbol, ZDAI. Only the share count and par value are adjusted, with trading expected to begin on a split-adjusted basis on February 19, 2026.

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