共和电力集团宣布16投1的反向股权拆分

2026-09-23 22:55

Republic Power Group (RPGL) announced on Wednesday it will effect a 1-for-16 reverse share split of its Class A and Class B ordinary shares, with a $0.50 par value, effective Sept. 25.
The split is intended to help the company maintain compliance with Nasdaq's $1 minimum bid price requirement.
The reverse split will reduce Class A ordinary shares outstanding from 16.71M to approximately 1.04M, subject to adjustments for fractional shares.
No fractional shares will be issued.
Following the split, the Class A ordinary shares will have an $8.00 par value per share.
Transhare Corporation is acting as the exchange agent and paying agent for the reverse share split.
Share -4.21%

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