Dreamland Limited announced a 1-for-5 reverse stock split expected to become effective on April 20, 2026, following shareholder approval on March 31, 2026.
Key takeaways
The company expects to implement a 1-for-5 reverse stock split approved by shareholders on March 31, 2026.
The reverse stock split is anticipated to become effective on April 20, 2026, subject to Nasdaq notice requirements.
Pre-split issued share capital consists of 37,000,000 ordinary shares (36,000,000 Class A, 1,000,000 Class B).
Post-split issued share capital is expected to be 7,400,000 ordinary shares (7,200,000 Class A, 200,000 Class B).
Fractional shares will be rounded up to the nearest whole share, and no other material changes to securities terms are anticipated.
The company reduced its authorized share capital proportionally with the Cayman Islands Registry on April 2, 2026.