FCHL News & Events

Fitness Champs Holdings Ltd trading halted, news pending

Fitness Champs Holdings announced that the company's board of directors approved on March 24, 2026 that the authorized, issued, and outstanding shares of the company be consolidated on a 30 for 1 ratio with the marketplace effective date of May 4, 2026. The objective of the share consolidation is to enable the company to ensure compliance with Nasdaq Marketplace Rule 5550(a)(2). Beginning with the opening of trading on May 4, 2026, the company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "FCHL." The number of issued and outstanding Class A ordinary shares of the company as of April 29, 2026 will be correspondingly reduced from 36,950,899 to approximately 1,231,697, and the number of issued and outstanding Class B ordinary shares of the company will be correspondingly reduced from 580,524 to approximately 19,351, in each case subject to adjustment for rounding.

Fitness Champs Holdings announced that it has priced a best-efforts public offering with gross proceeds to the Company expected to be approximately $5 million, before deducting placement agent fees and other estimated expenses payable by the Company, excluding the exercise of any warrant offered. The offering is comprised of 3,225,000 units, consisting of one Class A ordinary share of the Company, par value $0.000075 per share, or in lieu thereof, a pre-funded warrant, and one warrant to purchase one Class A Ordinary Share. The public offering price of the Units is $1.550 per Unit. Each of the Warrants will have an exercise price of $2.635 per Class A Ordinary Share and be exercisable beginning on the date of the issuance date and ending on the six-month anniversary of the issuance date.