HiTek Global Inc. will effect a 50-for-1 consolidation of its Class A ordinary shares effective April 6, 2026, to meet Nasdaq Capital Market minimum bid price listing requirements.
Key takeaways
50-for-1 share consolidation of Class A ordinary shares effective April 6, 2026.
Trading resumes on split-adjusted basis under ticker HKIT with new CUSIP G45139113.
Authorized by shareholders on November 24, 2025, at ratio 1-for-40 to 1-for-5,000.
Board approved specific 50-for-1 ratio on March 25, 2026.
Par value adjusts from US$0.0001 to US$0.005 per share; authorized capital unchanged at US$316,000.
No fractional shares issued; fractions rounded to nearest whole share at participant level.