WNRS shares will consolidate at a 300-to-1 ratio on May 13, cutting outstanding shares to approximately 53.1 million.
Winners announced its board approved a 1-for-300 reverse stock split, set to take effect May 13. The move will combine every 300 outstanding shares into one, reducing the total share count to about 53.1 million.
The company previously had a significantly higher number of outstanding shares before the consolidation. Reverse splits are often used to boost share prices and meet exchange listing requirements.
No immediate market reaction was disclosed in the announcement.