LHSW will reduce its share count by consolidating 16 shares into one to comply with Nasdaq listing requirements.
Lianhe Sowell International Group (LHSW) will consolidate its ordinary shares at a ratio of 1-for-16, the company announced. The move aims to maintain compliance with Nasdaq listing standards, though specific requirements were not detailed in the release.
The firm currently has 52 million class A ordinary shares and 3 million class B shares, each with a par value of $0.0001. Share consolidations are often used to boost stock prices above exchange minimums, avoiding delisting risks.
No immediate market reaction was disclosed in the announcement.