Skycorp Solar Group Limited approved and announced a 1-for-20 reverse share split effective April 13, 2026, reducing outstanding Class A Ordinary Shares from 25,735,000 to approximately 1,286,750.
Key takeaways
Board approved 1-for-20 reverse share split on March 30, 2026, authorized at October 10, 2025 EGM.
Effective April 13, 2026; shares trade split-adjusted on Nasdaq from market open.
Trading symbol remains 'PN' with new CUSIP G8221K138.
Reduces outstanding shares from 25,735,000 to ~1,286,750.
No fractional shares issued; full shares given to participant-level holders entitled to fractions.