Li Bang International Corporation Inc. announced a 1-for-100 reverse share split effective March 27, 2026, to regain Nasdaq minimum bid price compliance, alongside amended memorandum and articles effective March 5, 2026.
Key takeaways
1-for-100 reverse share split of Class A and Class B ordinary shares effective March 27, 2026.
Pre-split: 180,401,932 Class A ordinary shares issued and outstanding.
Post-split trading under LBGJ with new CUSIP G5480M110 on Nasdaq Capital Market.
Approved by shareholders and board to comply with Nasdaq Rule 5550(a)(2) minimum bid price.
Amended and restated memorandum and articles adopted December 30, 2025, effective March 5, 2026, authorizing USD 31,505,000 share capital.
Class B shares have 15 votes per share vs. 1 for Class A, convertible 1:1 to Class A.