Everbright Digital Announces 1-For-16 Reverse Share Split, Effective February 9
Benzinga Newsdesk 9 months ago
NewsStock Split
Everbright Digital Holding Limited (NASDAQ:EDHL) ("EDHL" or "we," "our," or the "Company"), an integrated marketing solutions provider headquartered in Hong Kong, today announced that on January 16, 2026, its board of
Everbright Digital Holding Limited (NASDAQ:EDHL) ("EDHL" or "we," "our," or the "Company"), an integrated marketing solutions provider headquartered in Hong Kong, today announced that on January 16, 2026, its board of directors approved a reverse split of its ordinary shares on a one-for-sixteen basis (the "Reverse Share Split"), and a change in par value of its ordinary shares from USD 0.00004 per share to USD 0.00064 par value per share. The Company's ordinary shares will begin trading on a post-split basis on February 9, 2026.
As a result of the Reverse Share Split, each sixteen (16) pre-split ordinary shares of the Company will be automatically combined into one (1) ordinary share without any action on the part of the holders, with par value of the ordinary shares of the Company being changed from USD 0.00004 per share to USD 0.00064 per share, and the Company's issued and outstanding ordinary shares will be reduced from 26,660,000 to approximately 1,666,250. The Company's ordinary shares will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "EDHL" under a new CUSIP number – G32212113. The Reverse Share Split is intended to increase the market price per share of the Company's ordinary shares to allow the Company to maintain its Nasdaq listing.
No fractional shares will be issued as a result of the Reverse Share Split. Shareholders who would be entitled to a fractional share as a result of the 16 for 1 Reverse Split shall have their entitlement rounded up to the nearest whole share.
The Reverse Share Split was approved by a vote of the Company's shareholders at its extraordinary meeting of shareholders held on September 30, 2025.